Share Market Collapses Due To Coronavirus And Crude Oil Prices:- On Monday, the share market witnessed a huge slip because of the impact of coronavirus and the crashing crude oil prices. BSE and NSE edged below 5 percent in the Monday trading. S&P BSE Sensex crashed as much as 2238.96 points which is 5.96% to 35,337.66 in the Monday afternoon trade. NSE slipped as much as 625.85 points which is 5.70% to 10.363.60. Reliance Industries crashed over 11% to Rs 1128.90 which happens to be the lowest since August 2019. This is because of the decline in crude oil prices by 13.5%.
Several other shares dropped down because of the above reasons. Nifty has been witnessed huge dip from the past one week after the number of coronavirus cases in the country started increasing. After SBI announced of taking 49% of the stake in Yes Bank, the share values of Yes Bank climbed slowly. The rupee opened at Rs 74.03 against US dollar. Since the first Gulf war, oil prices lost more than a quarter of their value. This is after Saudi Arabia opened war against Russia. All the countries are in an economic crisis because of the deadly coronavirus which infected over a lakh people across the globe. China is in a severe financial and economical crunch because of the coronavirus.