Stock market crash : The first trading day of the week brought a storm for the stock market investors. The market crashed as soon as it opened. There was a massive sell-off in both Sensex and Nifty. The reason behind this huge fall in the Indian market today is global. Due to the fear of recession in America, the stock markets of the world fell today, which also had a direct impact on the Indian stock exchanges. On the other hand, the big increase in tension between Iran and Israel in the Middle East added fuel to this fall. In today’s fall, investors lost Rs 17 lakh crore.
Sensex fell 2222 points
The Bombay Stock Exchange’s index Sensex today closed at 78,759 with a fall of 2.74 percent or 2222 points. During trading, it went down to a minimum of 78,295 points. On the other hand, the National Stock Exchange’s index Nifty today closed at 24,055 with a fall of 2.68 percent or 662 points. It went down to a minimum of 23,893 points today.
Will recession continue?
Tanvi Kanchan, UAE Business and Strategy Head, Anand Rathi Shares and Stock Brokers, said, “This sell-off is due to short-term volatility. There is no sign of long-term risk in Indian stocks. Investors who are looking to invest in the equity market can take a slow entry in this volatile market.”
These shares were affected the most
Nifty-50 stocks
Heavy decline in metal and media
Sectoral Indices
global market situation
US stock indices Nasdaq and S&P have fallen 3.2 percent in 2 trading days so far. Several figures such as a decline in US job creation and a rapid increase in the unemployment rate in the US have raised concerns about a recession in the US. Many regional equity indices have fallen sharply today. Stock markets of Japan, Taiwan and Korea fell the most. Stock indices of all these countries fell by more than 7 percent. The MSCI Asia Pacific Index also fell by 4.3 percent.
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