Share Market: Investors were robbed on Valentine’s Day, Sensex fell by 731 points, Nifty also crashed.
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Share Market Opening: Indian shares have seen a big decline of late. Due to all-round selling, the Sensex was trading at 70,823.88, down 1.02 percent or 731.31 points at 9.30 am. Whereas, Nifty is seen falling by 0.90 percent i.e. 196 points at 21,547.25.
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Only five companies on the thirty-share BSE Sensex are trading with the green mark. Whereas, 25 companies are seen in red mark.
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The impact of the decline in the global market is being seen on the domestic market. Yesterday the American market also broke down.
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This morning other Asian markets were also trading in the red. The impact of the decline in the American market is being seen on the IT index. It has broken down to about two percent.
Big fall in Bank Nifty
As soon as the stock market opened today, Bank Nifty fell by almost 600 points within 15 minutes. Shares of all the 12 banks included in the index are trading in the red. On the other hand, IT index also fell by about two percent. Wipro has joined the category of top loser on both Sensex and Nifty. Its shares have fallen by about 2.50 percent. Apart from this, there is a sharp decline in the shares of Infosys, Tech Mahindra and HDFC Bank. On the other hand, Paytm’s share price has again fallen by more than eight percent today.
What is the condition of other markets?
Weak signals were being received from the global market since this morning. At 07:10 am, Gift Nifty was down 150 points at around 21,651. Apart from this, in Asia, Hang Seng, Kospi and Straits Times declined by more than 1 percent while Japan’s Nikkei declined by 0.7 percent. Due to unexpected increase in inflation in America, the major index fell by 2 percent. According to the Labor Department’s Bureau of Labor Statistics, the consumer price index rose 0.3 percent in January after rising 0.2 percent in December. The yield on 10-year bonds rose sharply to 4.3123 percent from 4.17 percent the previous day.
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