There has been a huge fall in the prices of gold and silver once again, while after two days of rise, a decline was also seen in the stock market on Thursday. On the fourth trading day of the week, the Bombay Stock Exchange’s 30-share Sensex fell by more than 500 points within minutes of opening, while the National Stock Exchange’s Nifty index also fell by 150 points. Meanwhile, shares of many big companies including IndiGo, Zomato and BEL fell.
Big fall in Sensex and Nifty
Trading started with a huge fall in the stock market on Thursday. BSE Sensex opened at 83,757.54, down from the previous close of 83,817.69, after which its fall suddenly intensified. Within minutes, the 30-share index fell 500 points to 83,313. Like Sensex, NSE Nifty also faced a bad situation. The 50-share index opened at 25,755.90, down slightly from its previous close of 25,776. Then, along with the Sensex, it suddenly fell 164 points to 25,612.90.
Indications of decline in the Indian stock market were also coming from abroad. While Nifty was trading down more than 100 points, Japan’s Nikkei fell 500 points, Hong Kong’s Hang Seng fell 350 points and South Korea’s KOSPI index fell 180 points. Negative global sentiment also affected Sensex and Nifty.
These 10 stocks fell as soon as they opened
Amidst this sudden huge fall in the stock market, shares of many big companies fell immediately after opening. In the large-cap category on BSE, Indigo shares (2.30%), BEL shares (2%), and Eternal shares (2%) were trading down. Among mid-cap stocks, TIndia shares (8%), Dixon shares (5%), UPL shares (3%), and Suzlon shares (2.10%) were trading down. Among small-cap stocks, Redington shares (5%), Timken shares (4.50%), and MCX shares (4.40%) fell. Among other major stocks that suffered losses, Reliance shares, Bajaj Finance shares, Adani Ports shares, Tata Steel shares, and HDFC Bank shares were trading in the red zone.
Gold and silver crashed again
Not only the stock market, but also the commodity market witnessed another round of chaos on Thursday. Gold and silver prices crashed as they opened on the Multi Commodity Exchange (MCX). While the price of 1 kg of silver expiring on March 5 fell by more than ₹24,000 compared to its previous closing price, the price of gold with expiry date of April 2 also fell by more than ₹2,400.
