Stock market rolled in early trade, Nifty reached below 17500
The banking, media sector index declined by more than 2 percent. On the other hand, there is a loss of more than one percent in the auto, financial services sector, realty and consumer durables sector.
stock market fell in early trade
Due to weak foreign signals, the stock market is still under pressure. in the first hour of business Market A sharp decline is being seen in During this, the Sensex fell and came close to the level of 17 400. At the same time, the Sensex also reached near the level of 58400 with a fall. The reason for today’s fall in the market is selling in foreign markets. In other Asian markets, the markets of Seoul, Tokyo, Shanghai and Hong Kong were trading in losses. The US markets also closed with losses on Thursday. After the tightening of the Federal Reserve, investors fear that there may be a recession in the economies, so the sell-off continues.
How was today’s opening business
The Sensex opened today at 59,005.18 with a loss of more than 100 points against the previous closing level of 59120. During trading, the index fell more than 700 points to 58,406.43. At present, the Sensex is trading with a fall of about 1 percent. On the other hand, Nifty opened at the level of 17594 with a fall of about 40 points against the previous closing level of 17630. During trading, the index fell by more than 200 points to the level of 17419. At present, there is a decline of 150 points in the Nifty. In the last 2 sessions in the market, the indexes have closed with a loss. At the same time, pressure is being seen on the third day as well. Foreign institutional investors (FIIs) sold shares worth a net Rs 2,509.55 crore on Thursday, according to provisional stock market data.
Where is the profit and where is the loss
In the market today, except the IT pharma and healthcare sector, there is a fall in all the sector indices. The banking, media sector index declined by more than 2 percent. At the same time, losses of more than one percent are being seen in the auto, financial services sector, realty and consumer durables sector. Three quarters of the stocks included in Nifty are trading in loss. PowerGrid is down 4 percent, M&M, IndusInd Bank have fallen more than 2 percent, while Tata Steel is up more than 1 percent after the merger news.