The #StockMarketCrash in 2020 probably has you looking at the losses in the equity part of your portfolio wondering if the selloff is going to get worse this year or whether the market will recover. Well, the good news is that the equity market as a whole has always recovered in the past and will almost certainly do so again. But it might be a rough and lengthy round trip.
#coronavirusinIndia # #indianstockmarketupdatetoday #indiaeconomiccrisis
#covid19 #indianstockmarketnewstoday #indiaeconomiccrisis

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks Sensex and Nifty crashed in the opening session on Thursday as the World Health Organisation (WHO) declared coronavirus outbreak a global pandemic. S&P BSE Sensex slipped below 34,000- mark, tumbled over 1,700 points to trade at 33,876, while Nifty 50 breached 10,000-mark and was trading 483 points lower at 9,974. All 30 Sensex stocks were trading in deep sea of red. ONGC was the top Sensex loser, down over 9 per cent to Rs 65, followed by RIL, Tata Steel, SBI and Axis Bank. All 11 Nifty sectoral indices opened in red with Nifty PSU Bank index falling over 7.5 per cent dragged by Canara Bank, Punjab national Bank and J&K Bank. Similarly, Nifty Metal index too slipped 7 per cent weighed by weakness in Welspun Corp, Jindal Steel and Vedanta.

Within first 60 seconds, investors had lost Rs 7.03 lakh crore worth of wealth in the initial market rout. S&P BSE Sensex saw its market capitalisation slip from 137.13 lakh crore on its previous closing to 130.10 lakh crore on opening today.

Finance Minister Nirmala Sitharaman will hold meeting with chief executives of amalgamating banks on Thursday to review preparedness for the merger beginning April 1. Earlier this month, the Union Cabinet headed by Prime Minister Narendra Modi approved consolidation of 10 state-owned banks into four. According to sources, the finance minister will review planning and preparedness of merging banks on March 12.