The Indian stock market has also been caught in the grip of the ongoing decline in the global market. On the very first day of the week, Monday, the Indian stock market opened with a terrible decline. The BSE Sensex opened at 78,588.19 points with a decline of 2393.76 points, while on the other hand, the NSE Nifty 50 also opened at 24,302.85 points with a decline of 414.85 points. Let us tell you that last week also a huge decline was seen in the stock market on Friday. On Friday, the Sensex closed with a decline of 885.60 points and the Nifty closed with a decline of 293.20 points.
When the Indian stock market opened on Monday, the shares of 28 out of 30 Sensex companies were seen trading in the red, while only Sun Pharma and Hindustan Unilever were seen trading in the green.
The selling spree that started last week continues
The impact of heavy selling in the global market was also seen in the Indian stock market on Monday and the domestic benchmark index fell by 5% in pre-opening. The BSE Sensex fell below 4000 points, while on the other hand the Nifty also fell by 650 points. The benchmark equity index showed the beginning of a gap down, continuing the sell-off that started on Wall Street last week.
There was a huge decline in markets around the world
Let us tell you that the markets around the world are currently facing a huge decline due to heavy selling. Dow Jones 1.51%, S&P 500 1.84%, Nasdaq 2.38%, FTSE 1.31%, DAX 2.33%, CAC 1.61% and Nikkei 225 registered a huge decline of about 7 percent.
Why is the market falling so fast?
There are two main reasons behind this terrible fall in the stock market. The worse than expected job report released by America has fueled the risk of recession. Apart from this, the increasing tension in the Middle East has also put investors in tension. This is the reason why investors are now withdrawing their money by selling shares in the stock market, which is causing a huge fall in the market.
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