Share Market Panic broke out in the stock market, Sensex fell by 1,053 points, Nifty also fell.

Mixed news kept coming from the stock market on Tuesday. This was a day of adjustment of both happiness and sadness for investors. Indian market has captured the fourth position in market cap, surpassing Hong Kong. At the same time, there has been a decline in Sensex and Nifty till the close of trading.

BSE Sensex fell 1,053 points and fell below 71,000 points. Sensex has closed at the level of 70,370. Talking about Nifty, Nifty also fell by 330.15 points or 1.53 percent and closed at 21,241.65 points. According to the information, amid a mixed trend globally, the market came down due to selling in HDFC Bank, Reliance Industries and SBI, which have a strong stake in the Sensex index.

Tragedy befell Zee Entertainment

The biggest tragedy of the day in the market happened with Zee Entertainment. Its shares fell thirty percent on Tuesday. Its lower circle was hit three times. Apart from this, the biggest decline has been seen in the shares of IndusInd Bank. The Sensex based on thirty shares opened with a gain of about 450 points in early trade. But later it closed at 70,370.55 points with a fall of 1,053.10 points or 1.47 percent. During trading, it reached a low of 70,234.55 points, while it reached a high of 72,039.20 points.

National Stock Exchange’s Nifty, based on fifty shares, also declined by 330.15 points or 1.53 percent and closed at 21,241.65 points. IndusInd Bank fell the most among Sensex companies by 6.13 percent. Apart from this, there was a significant decline in SBI (3.99 percent), Hindustan Unilever (3.82 percent), Axis Bank (3.41 percent) and HDFC Bank (3.23 percent). On the other hand, Sun Pharma, Bharti Airtel, ICICI Bank and Power Grid were among the gainers. There was an increase of up to 3.67 percent.

TCS and Bajaj Finserv were also among the gainers. Out of 30 Sensex stocks, 24 were in loss. In other markets of Asia, Hong Kong’s Hang Seng and China’s Shanghai Composite were in gain. While Japan’s Nikkei remained in loss. There was a declining trend in early trade in major markets of Europe. American markets were in gains on Monday. Domestic stock markets were closed on January 22 due to the Ram Mandir Pran Pratistha ceremony. There was normal trading in the National Stock Exchange and BSE on Saturday. Meanwhile, global oil benchmark Brent crude fell 0.40 per cent to $79.74 per barrel. Global institutional investors sold shares worth Rs 545.58 crore on Saturday. Sensex fell 259.58 points and Nifty 50.60 points on Saturday.