On the last trading day, on Monday, the stock markets around the world broke up and the Indian stock market was badly broken. While the BSE Sensex closed down over 2200 points, the NSE Nifty closed down over 700 points. But on Tuesday, the stock market move may change. We are not saying this, but global signs are pointing to this. Actually, Asian markets are trading fast on the second trading day of the week. Gift Nifty took a jump of about 400 points in the beginning. In such a situation, the impact of recovery in the Asia market can be seen on the Indian stock market.
Strong recovery in Asian markets on Monday, while the stock markets of Japan and Hong Kong declined by 9 per cent, on Tuesday, all Asian markets are seen in recovery mode. In early trade, the gift Nifty was trading at the level of 22,699, while Japan Nikkei, Japan, saw a tremendous jump of 7 per cent. The Hong Kong Hangsang index was also trading with a gain of about 3%. Talking about American markets, Dow Jones and S&P 500 were locked in the red region, while Nasdaq was closed in green region.
Yesterday there was a similar movement, on Monday, there was a stir in the Asian markets and all the markets were broken. Hangseng of Hong Kong fell 9.24% and Nikkei of Japan fell 8.50%. On the other hand, Singapore market declined by 7%, Chinese market 5.5% and Malaysian market by 4.2%. With this, the Australian stock market slipped 4.1% and the New Zealand stock market slipped 3.6%.
The Sensex slipped up to 3900 points, with the introduction of trading in the Indian stock market, the Sensex and Nifty were seen to decline. The BSE Sensex opened at 71,449 below its previous closed level 75,364.69 and was later broken by 71,425. However, the end saw some improvement and the BSE Sensex closed at 73,137.90 with a decline of 2226.79 points or 2.95 percent.
Like the Sensex, the Nifty also opened at 21,758 below the previous closed level of 22,904 and fell nearly 1,000 points to 21,743 during trading. Finally, NSE Nifty also improved some improvement and closed 742.85 points or 3.24 percent to close at 22,161.60.
During this period, there was a huge decline of 3-7% in metal, auto and IT stocks. Among BSE largecap companies, Hindustan Unilever Limited, or HUL, was the only company whose stock market was rapidly closed in green mark, while all shares of Nifty-50 closed in red mark. This market crash on Monday caused a lot of damage to investors and the BSE market cap fell by about 14 lakh crores.
