Winning Bizness Desk

Mumbai. In the midst of the ongoing war in Eastern Europe, cases of corona have started increasing once again in many parts of the world. Lockdown has been imposed again in many cities in China. This further frightened the already troubled investors. Stock markets around the world are diving due to the return of the lockdown period and the fear of a new wave of epidemics. The domestic stock market also could not survive this and went into the red zone as soon as it opened on Monday.

Market in Red zone from Green Zone

Even though the market was green in the pre-open, as soon as it opened it went into the red mark. As soon as the trade started in the market, the Sensex went down by about 35 points. However, it also made some recovery in a few minutes of trading. At 09:20 am, it was back in the green zone but the pace was marginally less than 2 points. Today the market is expected to remain volatile under global pressure. Signs of this are visible in the early trade itself. After staying in the green zone for a few seconds, the Sensex was trading down by about 100 points. Nifty was also trading around 17,115 points down about 40 points. By 09:30 am, the Sensex had fallen by more than 250 points.

Shanghai facing lockdown

In China's financial capital Shanghai, the authority has imposed a two-stage lockdown for nine days. Under this, all companies have been asked to suspend manufacturing or work remotely. Due to this there is a downward trend in the global market. Japan's Nikkei is down 0.4 percent. China's Shanghai Composite is stable, while Hong Kong's Hang Seng and South Korea's Kospi are up marginally.

Sensex and Nifty keep falling

Earlier on Friday also there was a fall in Sensex and Nifty. The BSE Sensex fell 233 points to close at 57,362 points. Nifty was down 70 points at 17,153 points. The market gained more than 6 percent in the first two weeks of the month, while last week the market was down by 0.8 percent.