Dramatic drama in Dalal Street, historic rebound after lower circuit

BusinessDramatic drama in Dalal Street, historic rebound after lower circuit

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Mumbai: Friday was a turbulent day for the stock market. In the morning, the stock market fell so heavily that the lower circuit started and both the Sensex-Nifty had to stop trading. At the same time, the market recovered so much in the day’s business that another record was made. On Friday, the Sensex has the biggest recovery so far, under which a recovery of about 10 per cent was recovered, as well as an increase of about 4 per cent was also recorded. That is, the biggest decline of 12 years in a single day and the biggest recovery so far on the same day.

A few minutes after trading commenced in the morning, the Sensex touched a low circuit of 29,687.52, falling 3,090.6 points. After this, the business was stopped and when the trading started again, the stock market showed a different view. After the sinking, the Sensex rose to around 5300 points and became the biggest record for recovery in a day. Explain that the Sensex touched a low of 29,388.97 on Friday and touched an upper level of 34,769.48. In this way, the SENSEX made a record of recovery of 5380.51 points in a single day, which is the biggest recovery till date. In the evening, the Sensex closed up 4.04 percent, or 1325.34 points.

If we talk about the Nifty, the Nifty touched the lower circuit with a fall of more than 10 percent even before the Sensex in the morning. The Nifty fell 966.10 (10.07%) points to the level of 8,624.05. On Friday, the Nifty touched a low of 8,555.15 points and touched an upper level of 10,159.40 points. That is, the Nifty recorded a gain of 1604.25 points including recovery in full day trading. In the evening, the Nifty closed up 3.81 percent, or 365.05 points.

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