Share Market Live Update: The trend of decline in the stock market is not taking its name to stop. The stock market has also broken for the fourth consecutive session. The stock market opened with weakness on Thursday. Today Bombay Stock Exchange’s 30-share key sensitive index Sensex opened at 53608 level with a huge loss of 480 points, while Nifty also started trading with red mark.
Sensex with huge loss of 935 points in early trade 53,152 level of business. At the same time, Nifty was down 309 points at 15,857.
These big stocks crashed in early trade
Wednesday’s recent Sensex breaks 276 points more
The decline in the stock markets continued for the fourth consecutive trading session on Wednesday. The 30-share Sensex of BSE, after losing the initial gains, finally ended with a loss of 276.46 points and started moving towards the level of 54,000.
Sensex suffered losses due to heavy selling in shares of giants Reliance Industries and Infosys. Besides, continued selloff by foreign institutional investors and buoyancy in crude oil also weighed on the trading sentiment.
Sensex started with gains but soon it lost its momentum. During the trading, it had come down to the level of 53,519.30 points with a fall of 845.55 points at one time. But at the end of trading, it closed at 54,088.39, with a loss of 276.46 points, or 0.51 percent. Similarly, the Nifty of the National Stock Exchange also slipped 72.95 points, or 0.45 percent, to 16,167.10.
S Ranganathan, Head of Research, LKP Securities said, “The benchmark indices witnessed significant volatility ahead of the CPI-based inflation and industrial production (IIP) data coming out this week. Many stocks were hit hard in the broader market.