Coronavirus broke down the stock market. Stock Market News.

Broken market due to Corona virus, Sensex dropped 284 points.

New Delhi: The stock market declined on Thursday. On Thursday, there was an expiry of derivatives deals. There is a worldwide panic due to the increasing infection of Coronavirus in China. Due to this, there has been a decline in the stock markets from America to Japan. Till now, cases of coronavirus infection have been reported in 11 countries. In China, the number of deaths due to this has reached 170.

On Thursday, the Sensex fell by 284 points. With this decline, the entire gain in the Sensex in 2010 has ended. The Sensex ended 284.84, or 0.69 per cent, at 40,913.82 at the end of trading. The 50-share Nifty of the NSE fell 93.70 points, or 0.77 per cent, to close at 12,035.80.

The US central bank Federal Reserve has also raised concerns about the impact of the coronavirus. If the Chinese economy slows down due to this virus, it will also have an impact on the global economy. The US central bank has not made any change in the interest rate. After a two-day meeting on Wednesday, he announced his monetary policy.

Weakness in stocks of big companies like Reliance Industries, HDFC Bank and Infosys affected the market sentiment. The Sensex fluctuated by 550 points during trading. Among the Sensex companies, Reliance Industries shares fell the most by 2.62 per cent. The shares of Nestle India, IndusInd Bank, Ultratech Cement, Mahindra & Mahindra and SBI also lost.

Bajaj Auto, PowerGrid, ICICI Bank, Asian Paints, NTPC, HDFC, L& T and Maruti were the top gainers. Analysts said there was a lot of volatility in the market before the January futures and options deal was settled. He said that the perception here also weakened due to weakness in other Asian markets and the impact of China's coronavirus on the global economy.

Hong Kong's Hang Seng, Japan's Nikki and South Korea's Kospi fell down. There was a holiday in the Chinese market. European markets also opened negatively in early trade. Brent crude oil futures were down by 1.63 per cent at $ 57.97 a barrel.

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