Indian Stock Market during Covid19 pandemic - Nifty analysis

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The market was at best before Corona-virus outbreak. Indian market started reacting to this pandemic from feb, Nifty50 was at 12355 points on 20th Jan ,2020. Finally on 20th Feb Indian market started reacting to the Covid19 pandemic and Nifty50 started falling from 12123 points. It kept falling for around a month to reach at one of its lowest. During this time market crashed few times and kept falling.

On 23rd March, the market reach to 7511 points. Then it started gaining from here to 9873. Nifty50 reached 9873 points on 30th April. It took more then one month to reach here from 7511 points.

In May and June. market was very volatile due to the various reasons such as buyback, news coming positive and negative. COVID-19 cases kept rising but recovery rate was also seen improving. Nifty50 was seen trading at 9293 points on 4th May, 2020 and it touched the 10000 points on 3rd June, 2020. Nifty closed at 10383 points in June expiry.

In July and August 2020, Nifty kept rising and was side-wise market. NiftyBank which didn't recovered much, was recovering in August to patch up with the Nifty50 bull run. Nifty50 closed at 11647 points on 28th August, 2020.

After September market kept recovering. And in November Nifty50 crossed the previous high.



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