SENSEX and Nifty status due to Coronavirus.
                     SENSEX and Nifty status due to 
Coronavirus
Bear markets
• A continued rise in new coronavirus cases in India, which 
exceeded 1 lakh in total, put the bears in command on Dalal 
Street as benchmark indices tumbled in opening trade over 
the last few months now, while safe haven counters gained.
Source: Google Images
Fall continues
• On April 6, BSE flagship Sensex tanked 1,836 points to 
32,266 while NSE benchmark Nifty shed 494 points to 9,460. 
Broader market indices were faring in-line with their headline 
peers as Nifty Smallcap fell 5.78 per cent while Nifty Midcap 
plunged 5.16 per cent. Nifty 500 was down 4.99 per cent.
Source: Google Images
Global recession soon
• The crash wiped out over Rs 6 lakh crore of equity investors' 
wealth within first 15 minutes of trading. Meanwhile, the US 
Federal Reserve cut its benchmark rates to near zero. 
However, that failed to cheer the investors. In the upcoming 
monetary policy, Reserve Bank of India is also likely to cut its 
rates to shore up the demand, as per market analysts.
Source: Google Images
Not just Indian markets
• Globally, Stocks were slammed after emergency rate cuts in 
the United States and New Zealand, and a raft of steps by 
policymakers worldwide failed to stem the rout in markets 
spooked by the broadening fallout of the coronavirus. The 
dollar sank more than 2 per cent against the yen.
Source: Google Images
An unprecedented crisis
• Australia's benchmark stock index fell 7 per cent in the 
first quarter-hour of trade before paring some of the 
losses. New Zealand shares were down 3 per cent. 
Japan's Nikkei saw more than 6 per cent decline, to the 
lowest since late 2016. South Korea's KOSPI was a 
shade weaker.
Low market sentiment
• Moody's report on the banking sector wherein they've 
changed their outlook from negative to stable, further 
dented the sentiment. As a result, a sharp cut in  
financials was witnessed which pushed the Nifty down.
Source: Google Images
Why is there a fall?
• Market participants said investors turned risk-averse over 
worries of economic slowdown due to the lockdowns 
introduced, hammering demand and supply chains. The 
adverse effects on several sectors are already visible as most 
companies have shut their plants and wherever possible are 
allowing employees to work from home
Source: Google Images
Downgrade for banking
• A ratings downgrade for the Banking sector, due to the impact 
of COVID-19 and ensuing stressed asset concerns, impacted 
the financial stocks. FIIs were net sellers to the tune of 
Rs.1100 Crores and show no signs of reversal. Globally 
indices like SGX Nifty and Dow Jones Futures continued to 
perform poorly.
Source: Google Images
Uncertainty looms
• In India, coronavirus cases continued to rise despite a 
complete lockdown. India is consecutively reporting the 
biggest single-day jumps in new COVID-19 cases. It will 
take time for the economy and markets to recover.
Source: Google Images