
With Covid-19 cases on the rise, the Sensex crashed 1,708 points while the Nifty plummeted below the 14,350-level on Monday as investors pressed the panic button amid the massive second wave of coronavirus pandemic across the country. The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended around 3.5 per cent lower on the first day of the week.
Posting its biggest fall since February 26, the 30-share BSE Sensex sank 1,707.94 points or 3.44 per cent to end at 47,883.38. Similarly, the broader NSE Nifty plunged 524.05 points to finish at 14,310.80. Investors lost Rs 8.77 lakh crore in the session, with the market capitalisation of BSE-listed stocks declining to Rs 200.85 lakh crore, PTI reported. Even the Rupee fell 26 paise or 0.36 per cent to trade at 74.98 against the US dollar on Monday.
Soon, #Sensex and #Nitfy started to dominate on social media platforms calling the day, ‘Bloody Monday’ to sum up the sorry state of affairs in the stock market. While most were left disheartened by their losses, some experienced traders shared memes to show they are optimistic, underlining that this isn’t the first time looming lockdown threats have affected the market adversely.
Here’s how netizens reacted to Monday’s share market:
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#Sensex and #Nifty both got tested positive today. #COVID19India
— Sonal Dabral 🎬🖋🎙 (@agracadabra) April 12, 2021
Market crash with great fear #Sensex #Nifty #trading #stockstowatch #Stocks #BSE #NSE #Share pic.twitter.com/bKuyJl4na3
— 🇮🇳🅱🅸🅺🆁🅰🅼 🅶🅾🆁🅰🅸📉 (@BikramGorai2) April 12, 2021
Online course sellers when they said #Nifty #Sensex will gain on monday but instead it falls 🤣🤣🤣 pic.twitter.com/4mE7yBt3hB
— Xanos (@__iRalph) April 12, 2021
People scared about #nifty #sensex fall.
While me: pic.twitter.com/oumh0FOjvi
— Rishabh (@Rishabh_2439) April 12, 2021
Traders who were calling themselves BIG BULL after today’s crash. 😆#sensex pic.twitter.com/6PkiPCUuB1
— Ashish Kaliya (@ashishkaliya) April 12, 2021
Traders and Investors from out of Maharashtra after blood bath due to Maharashtra Lockdown news:#Nifty #nifty50 #sensex #maharashtralockdown pic.twitter.com/dOs8UZNCWz
— Shivam Mundada (@ShivamMundada) April 12, 2021
#sensex #NiftyBank blood bath monday pic.twitter.com/yTUUC2lcYd
— Rohit Sharma 🚩🚩 (@Rohitsharma8912) April 12, 2021
Me to new traders seeing thier portfolio holdings. #banknifty #Nifty #sensex pic.twitter.com/ic2Zrnr6Vt
— اکبر (@Being_Akbar) April 12, 2021
Traders and investors today #Sensex #Nifty #Nifty50 #banknifty #bse #nse pic.twitter.com/zapzVKUrlt
— Nirav Panchal (@niravpanchal111) April 12, 2021
Traders and Stock Market Investors today after market crash:#VavoDigital #Sensex #StockMarket pic.twitter.com/UySVphyYt5
— VavoDigital (@VavoDigital) April 12, 2021
Glimpse of Portfolio today:#sensex #nifty #banknifty pic.twitter.com/mIJjDSEWhP
— Indian Street Bets (@indstreetbets) April 12, 2021
bull cartel is over #Nifty #sensex pic.twitter.com/DcJRcsx1Ro
— zooby (@zooby_ravan) April 12, 2021
#Nifty #nifty50 #sensex #StockMarket #marketcrash
My dreams👇 Current situation👇 pic.twitter.com/tUbo50kebB— Parag (@Parag3014) April 12, 2021
New traders who started trading by watching Scam 1992 and big bull their condition today. #Nifty #Sensex pic.twitter.com/BGuwttQPxl
— Yash Kumar Singh (@yashsinghyk) April 12, 2021
Reaction of Bears on seeing crash in #Sensex and #Nifty be like: pic.twitter.com/APQkVcOdTK
— Stock Ideas – That Stock guy (@StockIdeas6) April 12, 2021
StopLoss to traders: pic.twitter.com/0de5G6IUrl
— Harshit (@2weet_harshit) April 12, 2021
The fresh surge in cases has raised concerns all around. While market participants feel that the economy will not close down the way it did in April and May 2020, this second wave could derail the recovery process of the economy and delay a return to normalcy. There is growing concern over looming restrictions across states which are considering lockdowns and curfews.
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