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Heavy fall in stock market for the second consecutive day, Sensex dropped by 426 points, Nifty fell below 24,400, know why the market is weak? – AnyTV News

by Aaryan Srivastav
July 22, 2024
Heavy fall in stock market for the second consecutive day, Sensex dropped by 426 points, Nifty fell below 24,400, know why the market is weak? - India TV Hindi


Photo:FILE Big drop in stock market

Share Market A huge decline is being seen today on Monday, the first trading day of the week. The BSE Sensex has opened at 80,178.15 points, down 426.50 points. Similarly, there is a huge decline in Nifty. Nifty has opened at 24,394.70 points, down 136.20 points. Let us tell you that after Friday, a huge decline is being seen today for the second day. There is a big decline in Reliance Industries, Kotak Mahindra Bank, Wipro in early trade. Let us tell you that on Friday, the BSE’s 30-share index Sensex closed 738.81 points down at 80,604.65, below 81,000 points. The National Stock Exchange (NSE) index Nifty closed 269.95 points down at 24,530.90.

Why did the market return to decline?

Market experts say that due to the pressure of selling at the global level, the domestic market is witnessing a decline. Along with this, there is a pressure of profit booking in the market before the budget. The budget is a big event for the market. Due to this, people are taking profits. Due to this, selling has returned in the market. Due to this, there is a decline in the market.

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