Share Market: Chaos in foreign markets, Sensex-Nifty crash due to heavy fall in Asian markets.

Sensex Nifty Drop Today: Tuesday started with a huge fall in the Indian stock market. The direct impact of the huge crash in Asian markets like Japan, Hong Kong and South Korea was seen on the domestic indices. Both the major indices Sensex and Nifty opened with a big fall, which has increased the concern of investors. This decline is an indication of the ongoing economic slowdown and uncertainty at the global level.

Chaos in Asian markets on Tuesday also

On Tuesday, once again an atmosphere of panic was seen in the Asian markets. Japan’s main index Nikkei slipped more than 700 points to 49,355, while Hong Kong’s Hang Seng also fell by almost 2 percent. Similarly, South Korea’s Kospi index was also trading with a decline of 1.80 percent. This sharp decline in foreign markets had a direct impact on the Indian stock market.

Sensex-Nifty slipped more than 300 points as soon as it opened

Indian markets opened in the red due to negative signals from foreign markets. The 30-share Sensex of Bombay Stock Exchange opened at 85,025, slipping from its previous close of 85,213. Within just 10 minutes of the start of trading, the Sensex fell by more than 380 points and slipped to 84,833. National Stock Exchange’s Nifty also opened at 25,951, slipping from its previous close of 26,027 and soon fell by more than 120 points to 25,912.

American market also remained in trouble

Not only the Asian markets, but the American stock markets also looked distressed on the last trading day. Dow Future closed down 112 points, while the main index Dow Jones closed down 42 points. The S&P 500 index also closed in the red zone with a slight fall. This negative environment at the global level is putting pressure on the Indian markets.

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These big stocks fell the most

In this big fall in the Indian stock market, many major shares crashed. Big falls were recorded in stocks like Axis Bank (3.40%), Eternal Share (3.35%) and Infosys (1.30%) included in the largecap segment of BSE.

At the same time, Tata Steel and BEL also fell by more than 1 percent. Even in the midcap and smallcap categories, a sharp decline of 2 to 3 percent was seen in stocks like Ola Electric, BHEL and KPI Tech.