Stock market falls for fifth day in a row

The decline in the stock market continued on February 22. The stock market fell for the fifth day in a row. The Sensex fell by 1145 points. The Sensex, which had dipped below 50,000 points, closed at the same level.

The Nifty closed at 14,675, down below the support level of 14,650 points in the last hour of trading. The Nifty was down 306 points.

Global indications and the news that the number of COVID-19 patients in the country is on the rise have led to a two per cent decline in the market. All sectors except the Nifty Metal Index faced correction. The Nifty Media Index fell sharply to 3.4 per cent.

IT, realty, public sector banking and pharma indices lost more than 2.5 per cent. Bank Nifty falls below 35,500 points Bank Nifty closed at 35,257. Bank Nifty fell more than 2,500 points from its highest level.

Shares of NSE 1,388 shares lost while 561 shares gained.