Sensex Recovers After Plunging Over A Thousand Points
On the last trading day of the week, the stock market opened with a big fall. The Sensex tumbled 1102 points and opened at 32,436 as soon as the market opened. Similarly, the Nifty declined by 357.05 points. However, the market recovered a little later.
IndusInd Bank shares were the biggest losers on the BSE, 6.17 percent, ONGC 4.49 percent, Kotak Bank 4.18 percent, Bajaj Finance 4 percent and Axis Bank 3.45 percent. Talking about NSE, Infratel's shares fell 8.92 percent, 6.74 percent in G Ltd., 5.59 percent in SBI, 4.84 percent in Sun Pharma, and 4.76 percent in the shares of Tata Motors.
Sensex opens at 32,436 level, down by 1,102 points. pic.twitter.com/RsONfHCA4P— ANI (@ANI) June 12, 2020
One of the key factors for the market's collapse is the American stock market where there was a heavy fall on Thursday. Due to this, the sales in Asian markets on Friday increased sharply. On Thursday, the US stock market had recorded the biggest decline in three months. The Dow Jones of America was down by 6.90 percent to close at 25,128.20 by dropping 1,861.82 points. Similarly, Shanghai Composite of China closed down 9.59 points at 2,911.31, down 0.33 percent. Markets in Italy, Germany, and France also declined.