According to sources it was stated that the stock markets shivered on friday and it's corona virus to be blamed. Reportedly the bombay Stock Exchange (BSE) lost 1,448.37 points and closed at 38,297.29 points while the National Stock Exchange (NSE) closed at 11,219.20 losing 414.10 points.
Furthermore according to BSE and NSE numbers, the market has lost Rs 5.53 lakh crore of investor wealth on friday morning as soon as the markets opened. Perhaps the investors called this as a 'Black Friday' and are still in fear of the virus which is fast spreading across nations. Also this is sixth consecutive day the stock markets have been in downwards and it looks the markets will take time to get back to form.
Moreover it was reported that former rbi chief raghuram Rajan reacted on the stock markets getting affected by Corona virus. He added that the respective governments in their countries should take strong measures to contain this. Due to virus, there is a severe influence on infrastructure and manufacturing sector. Companies have started fearing and this will definitely have an impact on production sectors which could be massive.
