Why Sensex fell by more than 1,700 points today
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Stock prices took a tumble on Tuesday with the BSE Sensex, the most famous stock market index in India, falling by 3.4% or 1,708 points to close at 47,883 points. After this fall, the Sensex is down by 8.2% from its mid-February peak.
The reasons for the fall were local. Let’s look at them point-wise.
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. 04:42 PM IST
1) The Maharashtra government is contemplating a complete lockdown in order to control covid-19 raging across the state. When it comes to manufacturing, Maharashtra comes right at the top, contributing around 17% of India s total manufacturing in 2018-19.