Memes all over as Sensex crashes and inventors lose 

By
Harshita Sehgal
-

Social media is loaded with memes as Sensex crashes over 1,700 pts and investors lose more than Rs 8 lakh cr: 

Coronavirus cases are on the rise, the Sensex crashed 1,708 points while the Nifty plummeted below the 14,350-level on Monday as investors pressed the panic button amid the massive second wave of coronavirus pandemic across the country. The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended around 3.5 percent lower on the first day of the week.

Having its biggest fall since February 26, the 30 share BSE Sensex sank 1,707.94 points or 3.44 percent to end at 47,883.38. Similarly, the broader NSE Nifty plunged 524.05 points to finish at 14,310.80. Investors lost Rs 8.77 lakh crore in the session, with the market capitalization of BSE-listed stocks declining to Rs 200.85 lakh crore, PTI reported. Even the Rupee fell 26 paise or 0.36 percent to trade at 74.98 against the US dollar on Monday.

Soon after this #Sensex and #Nitfy started to trend on social media platforms calling the day, ‘Bloody Monday’ to sum up the sorry state of affairs in the stock market. While most of the people were disheartened by their losses, some experienced traders shared memes to show they are optimistic.  

Check out how netizens reacted to Monday’s share market:

The sudden surge in cases has raised concerns all around. While market participants feel that the economy will not close down the way it did in April and May 2020, this second wave will surely derail the recovery process of the economy and delay a return to normalcy. 

RELATED ARTICLESMORE FROM AUTHOR