Stock Market Crash: Due to the earthquake in the stock market, Sensex fell by 800 points and Nifty hit double century, defense shares took a dive…

New Delhi. A huge fall is being seen in the stock market on the first day of the week. The 30-share Sensex of Bombay Stock Exchange (BSE), which opened sluggishly, slipped by about 800 points an hour before the market closed, while the Nifty of the National Stock Exchange also slipped below the level of 26,000. Amidst the fall in the market, many stocks including IndiGo were seen trading in the red, while earthquakes were also seen in defense stocks. According to experts, if this decline continues in the market and the closing of Nifty remains below 26,000, then it will not be a technically good sign.

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Trading in the share market started in the red zone on Monday. BSE Sensex opened at the level of 85,624.84 compared to its previous closing of 85,712.37 and after that it started slipping. Till the time of writing the news, at 2.15 pm the Sensex index slipped 800 points to the level of 84,875. NSE Nifty moved like this. This 50-share index opened at 26,159 with a decline from its previous close of 26,186.45 and was trading at the level of 25,892 with a decline of 270 points.

Amid falling trading in the stock market, the shares of InterGlobe Aviation, the parent company of Indigo Airlines, which is in trouble, fell by 9 percent (IndiGo Share Crash). This airline stock broke its previous closing level of Rs 5,367.50 and opened at Rs 5,110 and then started slipping like Sensex-Nifty. Indigo shares were trading at Rs 4842.5, down around 9 per cent and its market cap had also fallen to Rs 1.89 lakh crore.

Defense stocks fell heavily. Not only Indigo shares, but also the shares of defense sector companies fell heavily due to this huge fall in the market. BEL Share included in large cap was trading at Rs 386.85 with a decline of 5.10 percent. Apart from this, BDL Share was trading with a decline of 5.55%, HAL Share 3.60%, Mazagon Dock Shipbuilders Share (5.06%), Data Patterns (India) Ltd Share (5.92%), Garden Reach Shipbuilders Share 4.20%.

Shares of these big companies are red-red

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Talking about other declining companies, Eternal Share (2.48%), Trent Share (2.40%), Tata Steel Share (2.30%), Bajaj Finserve Share (2.13%), Bajaj Finance Share (2.10%) and Adani Ports Share (2.05%) included in the largecap category were trading down. Anil Ambani’s shares were also in bad condition. Shares of both Reliance Power and Reliance Infra companies slipped more than 5 percent. Let us tell you that just before the closing of the market, out of 3 shares included in BSE LargeCap, 27 shares were in the rise zone.