The past week has been very difficult for the stock market. The direction of trading on Indian stock markets Sensex and Nifty will also depend on the developments related to Coronavirus this week. According to analysts, given the potential impact of this virus on economic activity, investors will take decisions related to trading in stocks. Vinod Nair, head of research department of Geojit Financial Services, said, The market will be eyeing the rise in virus infection rate. Investors will decide on the basis of coordinated actions of RBI and Central Government to support business.
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In the business week ended on Friday, Sensex fell by 4,187.52 points i.e. 12.27%. Nifty broke down by 1,209.75 points or 12.15%. Last week, there was a tremendous decline in the stock markets in four sessions from Monday to Thursday. However, Sensex closed at 29,915.96 points, climbing 1,627.73 points or 5.75% on Friday.
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Regarding the stock market, Siddharth Khemka, head of the retail research department of Motilal Oswal Financial Services, said, The Indian stock markets witnessed a huge decline this week. The stock market has recorded the biggest decline since 2008 due to the spread of Coronavirus in India and around the world. There was a boom in the market.
This is the advantage of investing in these market conditions
