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Stock market crashed after UK government reports a new strain of the Coronavirus
Posted
December 21, 2020
Views
176
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December 21, 2020
176
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2:03Now PlayingThere has been a huge crash in the stock market. Sensex fell by over 1300 points while Nifty went down by 3%. Nifty has dipped the most since the month of September. The crash happened due to the new strain of Coronavirus in the United Kingdom. The COVID-19 strain has impacted not only Indian but global markets as well.
The market capitalisation of all BSE-listed companies dropped by Rs 6.59 lakh crore to stand at Rs 178.79 lakh crore. European markets swooned while safe-haven assets like gold and the US dollar strengthened after the UK government reported a new strain of the coronavirus that was up to 70 per cent more contagious.
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