After the announcement of monetary policy, the market crashed, investors suffered huge losses. Loktej Business News
[ad_1]
New Delhi, 08 February (HS). The domestic stock market could not recover from the monetary policy shock on Thursday. Despite starting today’s trading strongly, the stock market continued to fall due to the shock from RBI. The Sensex slipped by about 1 thousand points from the upper level in intra-day. Similarly, Nifty also fell by more than 300 points from the upper level. By 2 pm, Sensex was trading 0.97 percent down and Nifty down 0.85 percent.
Today’s trading started on a strong note. Sensex jumped 321.42 points and opened at 72,473.42 points. There was normal trading in the market for the first 1 hour, but after the monetary policy was introduced by the Reserve Bank of India, the market fell badly, due to which the Sensex fell by more than 1,060 points from the upper level with a weakness of 777.12 points. Reached 71,405.38 points. Due to continuous pressure on the market, Sensex was trading at 71,455.58 points with a weakness of 696.42 points till 2 pm.
Like Sensex, NSE’s Nifty also started trading today with a gain of 79.15 points at the level of 22,009.65 points. Due to the selling pressure created after the introduction of the monetary policy, this index also fell by about 300 points from the upper level and reached the level of 21,709.55 points with a weakness of 220.95 points. Amid continuous buying and selling in the market, till 2 pm Nifty was trading at the level of 21,749.70 points with a weakness of 185.85 points.
[ad_2]
Source link
