The Twitter on Friday saw #BlackFriday trending on top as the share market opened. If you thought it was related to some mishappening then it’s not. The netizens were trending #BlackFriday to signify the massive downfall the Sensex has been witnessing.
The Coronavirus scare is the culprit. As cities and public places around the world are shut down the global and domestic economy is feeling the heat. The market kept on the downwards as the trading opened on Friday.
Around 9:30 AM, trading activities were stopped for at least 45 minutes as the Nifty hit a lower circuit of 10 percent. The fall in the Sensex was 3,090 points or 9.43 percent at 29,687.52. As it opened 45 minutes later the Sensex declined by over 3,500 points or over 10 percent while Nifty fell over 1,000 points or over 11 percent.
This comes as at a time when the Global stock markets crashed on Friday, ending a years-long bull run. All this panic made the people trend the day as “Black Day” for the market. With the Coronavirus spreading its extent the global bodies have already predicted a massive downfall in the 1st quarter of the year. If the Coronavirus panic continues the market is bound to slump down to historic lows.
Here are some more #BlackFriday reactions: