In general, March used to be a good month for Indian stock market. Unfortunately this year it has started badly with Sensex sliding down further. On Friday Sensex ended with 37576 (-893) and Nifty 50 on 10989 (-279). Nifty 50 breaking 11000 mark is not a good sign for the market.
Market was volatile last week, it had some good moments in between the week but Friday it went down with YES bank crisis. On Friday,YES bank shares opened with ₹33.20 and crashed to ₹5.55. But recovered back to ₹16.2 as RBI took over the control of YES bank. Central govt and RBI assured depositors for money and bank's restructure.
A private sector bank crisis is not a good news for the depositors as well as investors. With a slowdown in Indian Economy, These kind of incidents will make situation worse as Nifty Bank index was down 1013(3.52%) on Friday.
Corona virus has spread further with more than 1 lakh+ people of positive cases and 3000+ deaths. It has affected global economy further as many events/meets are getting cancelled across the world which is affecting aviation and tourism sectors.
See the corona virus count map by The New York Times for update.
https://www.nytimes.com/interactive/2020/world/coronavirus-maps.html
Market was volatile last week, it had some good moments in between the week but Friday it went down with YES bank crisis. On Friday,YES bank shares opened with ₹33.20 and crashed to ₹5.55. But recovered back to ₹16.2 as RBI took over the control of YES bank. Central govt and RBI assured depositors for money and bank's restructure.
A private sector bank crisis is not a good news for the depositors as well as investors. With a slowdown in Indian Economy, These kind of incidents will make situation worse as Nifty Bank index was down 1013(3.52%) on Friday.
Corona virus has spread further with more than 1 lakh+ people of positive cases and 3000+ deaths. It has affected global economy further as many events/meets are getting cancelled across the world which is affecting aviation and tourism sectors.
See the corona virus count map by The New York Times for update.
https://www.nytimes.com/interactive/2020/world/coronavirus-maps.html
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