Sensex lost 1300 points in last hour | Latest Finance news 2020

Sensex lost 1300 points in last hour, Nifty closed below 9 thousand. On Tuesday, April 14, financial markets were closed on the occasion of Dr Bhimrao Ambedkar's birth anniversary. Due to this, there was no trading in the stock market either.

Lockdown extended till 3 May

Now the lockdown period was extended till 3 May, the first the period was ending on 14 April

Prime Minister Narendra Modi on Tuesday announced to extend the lockdown till May 3. The stock market opened for the first time on Tuesday after extending the lockdown period. There was excitement in the market in early trade. During the trading, the Sensex strengthened by over 800 points and at one time reached the level of 31 thousand 500 points. On the other hand, if you talk about the Nifty, it was trading above 9 thousand points with an increase of about 300 points. But in the last hour of trading, selling in the market increased.

The Sensex fell 310.21 points, or 1.01 per cent, to close at 30,379.81 at the end of trading. Similarly, the Nifty lost 68.55 points, or 0.76 per cent, to 8,925.30 points. When compared to the level during trading, the Sensex lost up to 1300 points. At the same time, the Nifty also lost more than 350 points.

The market was closed on Tuesday

On Tuesday, April 14, financial markets were closed on the occasion of Dr Bhimrao Ambedkar's birth anniversary. Due to this, there was no trading in the stock market either. Earlier, markets were also closed on 10 April, 6 April and 2 April. The markets remained closed on 10 April on Good Friday and on 6 April on the occasion of Mahavir Jayanti, while on 2 April it was Ram Navami.

The business was last traded on Monday. The Sensex closed down 469.60 points, or 1.51 per cent, at 30,690.02 on the first day of the week. Similarly, the NSE Nifty fell 118.05 points, or 1.30 per cent, to close at 8,993.85.

BSE and NSE warn investors on an increased risk of buying and selling 478 shares

Stock market indices Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have warned investors about some shares. According to the news agency PTI, to protect the interests of investors, it has been suggested that they should be more careful while selling and buying about 480 illiquid shares. Both the stock markets said in the same circular that additional investigation needs to be done before selling the shares in these stocks.

What are illiquid shares?

According to the circulars of BSE and NSE, these stocks can be very risky for investors, as they are difficult to find buyers in comparison to the highly traded stocks. It is obvious that due to the difficult availability of buyers, they cannot be sold easily. They do not sell easily, because limited trading is seen in them. Therefore, they are riskier than more tradable stocks. In this, the possibility of investors getting stuck in money increases.

Alert on 440 shares in BSE

There are 440 such stocks listed on BSE and 38 such stocks on NSE where additional investigation is required. These stocks include Shyam Telecom, Global Offshore Services, DCM Financial Services, Creative Eye and National Steel & Agro Industries.

NSE gave this relief to brokers

Meanwhile, the National Stock Exchange i.e. NSE has announced to give more time to brokers for submitting reports related to customers.

NSE has given time till April 30. The last date for submission of this report was 15 April. Apart from this, the exchange has also extended the last date for submission of some other reports. However, NSE also said that there will be no change in the last date for the submission of quarterly reports on incidents related to cyber attacks and other threats.

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