Share Market Down:The effect of the decline in the global market is also being seen in the Indian domestic market on Monday. The first trading day of the week has started with disappointment for the Indian stock market. Today, a sharp decline is being seen in Sensex and Nifty and Bank Nifty has plunged by more than 600 points within a short time of market opening. Global signals are responsible for the disappointing start of the stock market and today a sharp decline was seen in the Japanese market.
Around 11 am, while Sensex is trading at 84,799.15, down 782 points, Nifty is also witnessing a decline of more than 250 points. There was a strong rise in the stock market last week and Sensex-Nifty were making new records almost every day, but on the first trading day of the week suddenly there was a break in the market momentum and both the indices fell badly.
What level did Sensex Nifty reach?
Sensex started trading at the level of 85,208 with a decline compared to its previous close of 85,571 and within a few minutes it slipped by 744.99 points to the level of 84,824.86. Like Sensex, Nifty also fell badly and opened at 26,061, falling from its previous closing level of 26,178.95 and in no time fell by 211.75 points to reach the level of 25,967.20.
Why did the market suddenly fall?
Signs of this big decline in the Indian stock market were already visible. Actually, global indicators were looking sluggish due to Japan and when the market opened its effect became clearly visible. A strong decline was seen in Japan and it was showing a decline of 1850 points. Its index Nikkei was seen trading at 37,980.34 and it was trading at a loss of 1849.22 points. While Japan’s market was down by 4.64 percent, China’s main market index Shanghai Composite was up by 4.89 percent and was down by 151.03 points. Korea’s Kospi was trading at a slight decline.
Top Gainer and Loser Stocks
Hindalco, NTPC, JSW Steel, Tata Steel and Britannia were the top gainers in the Nifty 50 of the National Stock Exchange at the beginning of trading. Hero MotoCorp, Tech Mahindra, Coal India, M&M and ICICI Bank emerged as top loser stocks in Nifty 50 on September 30.
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