HomeBusinessGovt, RBI closely monitoring markets: FM

Govt, RBI closely monitoring markets: FM

Finance Minister Nirmala Sitharaman on Friday said the government and the Reserve Bank are closely monitoring the stock market, which is facing intense volatility amid mounting coronavirus fears.

Together with the RBI, the government is closely monitoring markets, she said on the situation arising out of a panic spread of coronavirus pandemic.

After being battered in the early session, the BSE Sensex spurted 1,325.34 points and the NSE Nifty rose 365.05 points to settle the day at 9,955.20.

Indian market saw its biggest intra-day selloff in early session, wiping nearly Rs 12 lakh crore off investor wealth in less than 20 minutes of opening trade.

As coronavirus-led recession fears triggered panic selling globally, both Sensex and Nifty plunged over 10 per cent in the opening session, hitting their lower circuit levels.

Stock exchanges halted trading for 45 minutes. Normal trading resumed at around 1030 hours.

The last circuit freeze happened in January 2008.-PTI news

Subscribe to TheNews21

Stay Ahead with Independent Journalism

Investigations, political analysis and major national and global stories delivered directly to your inbox.

Stay Ahead with Independent Journalism

Investigations, political analysis and major national and global stories delivered directly to your inbox.

39 COMMENTS

  1. Connect the millions enchanting momentous on fanduel casino jackpot – the #1 legitimate coins casino app in America.
    Reach your $1000 PLAY IT AGAIN honorarium and deny b decrease every make up, hand and rotate into bona fide coin of the realm rewards.
    Permanent =’pretty damned quick’ payouts, gigantic jackpots, and non-stop action – download FanDuel Casino any longer and start playing like a pro today!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

spot_img

Html code here! Replace this with any non empty text and that's it.

Must Read

spot_img