Why Nifty hit lower circuit

Published On: Friday, March 13, 2020 | By: Team KnowMyStock

The Nifty50 index hit a 10 percent lower circuit today,13th March, bringing trading to a halt for a while. "Over the last few days, the Indian stock market has been moving in tandem with other global markets owing to concerns relating to Covid-19 pandemic, resultant fear of economic slowdown, recent fall in global crude oil prices, etc,” according to Sebi. Major factors are: 1. A rapidly spreading coronavirus took the first life in India as a 76-year-old man from Karnataka's Kalaburgi tested positive for Covid-19. 2. Oil prices fell on Friday for a third day, with Brent crude set for its biggest weekly drop since 1991 and US crude heading for the worst week since 2008 3. Foreign portfolio investors (FPIs) have dumped domestic shares worth nearly Rs 24,000 crore in March till now. 4. Global stock markets crashed ending their long bull run, with coronavirus panic selling hitting almost every asset class

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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