Domestic stock markets are in huge losses due to an all-time record of corona cases in India. More than one lakh cases have been reported in India in the past 24 hours.
The BSE-Sensex was trading 1391 points down at 48,638, and the NSE Nifty index was trading 388 points down at 14, 479.
As a result, in the first two hours after the market started today, the total market value of BSE-listed companies, which are considered to be the wealth of investors lost around Rs.4 Lakh crores.
Market pundits predict that for the first time in India, daily corona cases crossing the lakh mark will put pressure on investors towards sales.
In addition to the rising number of cases, the re-emergence of lockdown conditions in each state and the announcement of an already weekend lockdown in the financial capital Mumbai has also had an impact on the market.
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