Share Market Update: Big fall in the market, Sensex fell by 450 points, Nifty also crashed, maximum selling in these sectors

Business Desk – Share Market Update: The beginning of the week was weak for the stock market. As soon as trading started on Monday, the Sensex fell by 450 points (about 0.50%) to the level of 77,700. Nifty was also seen slipping 100 points (about 0.40%) and trading at 24,220. In the early trade, the most pressure was on the shares of private banks and realty sector, where investors sold heavily.

The picture appeared divided among 30 Sensex stocks. 15 stocks were in the rise, while 15 stocks were trading in the red. That means both buying and selling were seen in the market, but the heavily sold shares had more impact on the index.

Pressure in Asian markets too, big decline in Japan and South Korea

The impact of weakness in Asian markets was also seen on the domestic market. South Korea’s Kospi index fell 279 points (4.08%) and was trading at 6,567. Whereas Japan’s Nikkei fell by 2,694 points (4.03%) to 64,141. However, Hong Kong’s Hang Seng was seen trading at 25,099 with a gain of 536 points (2.22%).

American markets also closed with weakness

On Friday, pressure was also seen in the American stock markets. The Dow Jones Industrial Average fell 407 points (0.77%) to 52,146, the Nasdaq fell 362 points (1.40%) to 25,520, and the S&P 500 fell 76 points (1.01%) to 7,458. The same weakness of the global markets was also visible in the Indian market on Monday.

The market closed with record high on Friday

Earlier on Friday (July 17), the stock market had registered a spectacular rise. The Sensex jumped 964 points and closed at 78,151, while the Nifty rose 261 points to reach the level of 24,334. On that day, maximum buying was seen in shares of IT, auto and banking sectors.

Which shares will investors keep an eye on today?

Highest selling in private banking shares. Realty sector also under pressure. Impact of weakness of Asian markets on Indian market. Investor sentiment weakened due to the decline in American markets. After the strong rise in the last trading session, profit-booking is also considered to be a major reason for the decline.