The new corona variant found in Africa has created a wave of concern around the world. Flights from Africa have been banned by British authorities, causing panic in the stock market. Scientists say that the virus can easily defeat the human immune system and that the vaccine may be ineffective.
The weak trading in Asian markets is also affecting the country’s stock market. In Asian markets, Japan’s Nikkei, Singapore’s Strait Times, Hong Kong’s Hang Seng and Taiwan’s market are all trading with a decline. Its effect has also been seen in the domestic market.
Only pharma index is working in green zone
Today only pharma index saw a rise in the market and 15 out of 20 stocks of pharma index saw a rise. The biggest gain in pharma stocks was seen in Apollo Hospitals. Out of 20 only 5 pharma stocks saw a fall, market experts expect a rise in chemical stocks near pharma today. Today, Cadila Healthcare traded with a gain of 2.3 percent in the falling market and investors are showing good interest.