Outcry continues in the stock market, Sensex’s worst week since May 2020, Nifty weak by 488 points.

Mumbai13 march. Due to the increasing conflict in West Asia and the rise in crude oil prices, like weak global signals, there is an outcry in the domestic stock market and for the third consecutive day on Friday, both the benchmark indices – BSE Sensex and NSE Nifty saw a big fall.

In this sequence, the Sensex fell by 1470 points and slipped towards 74,500, while the Nifty fell by 488 points and stood at the level of 23,151. Heavy selling in global markets, continued outflow of foreign funds and rupee weakness also weighed on investor sentiment.

Sensex fell by 5.5% this week

If seen, the Sensex fell by 5.5% this week, which is its biggest weekly fall since May 2020. The reason for this was that due to the ongoing fierce war in the Middle East, crude oil prices remained above $100 per barrel, which increased concerns about inflation and economic growth in India. Whereas Nifty recorded a decline of 5.3% this week. All 16 major sectors also suffered losses this week while mid-cap and small-cap shares fell 4.6% and 3.7% respectively.

Sensex 1,470.50 by slipping numbers 74,563.92 off on

Bombay Stock Exchange (BSE)’s 30-share benchmark index Sensex closed at 74,563.92, down 1,470.50 points, or 1.93 per cent. At one time during trading, it had fallen by 1,579.82 points or two percent to 74,454.60 points. Among Sensex related companies, stocks of only two remained in the green and 28 saw a decline.

nifty 2.06by % weakness 23,151.10 closed on points

On the other hand, Nifty, the standard index based on 50 shares of National Stock Exchange (NSE), slipped by 488.05 points or 2.06 percent and closed at 23,151.10 points. Among Nifty related companies, 47 shares were in loss and only three were in profit.

Larsen & Toubro’s stock saw maximum weakness of 7.52 percent.

Among the companies included in the Sensex group, Larsen & Toubro’s stock saw the biggest decline of 7.52 percent. Tata Steel, SBI, Bharat Electronics, Maruti and UltraTech Cement also suffered higher losses. On the other hand, there was an upward trend in the shares of Hindustan Unilever and Bharti Airtel.

FII selling continues, Brent crude 100.7 reached dollar per barrel

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 7,049.87 crore on Thursday, while domestic institutional investors (DIIs) bought shares worth Rs 7,449.77 crore. Meanwhile, global oil standard Brent crude rose 0.25 percent to $100.7 per barrel.