Stock Market Update Today: Sensex fell by 350 points, Nifty slipped near 24 thousand, selling in auto, IT and metal shares.

Business Desk – Stock Market Update Today: Trading in the Indian stock market started with a decline on Monday, June 29. In the early trade, BSE Sensex was seen falling by about 350 points and was trading at the level of 76,800, while NSE Nifty also fell by about 100 points and reached around 24,000. Maximum pressure was seen in the shares of auto, IT and metal sectors in the market. Investors are keeping an eye on the signals of global markets and the activities of foreign investors.

Selling pressure increased as soon as the market opened

There was a selling atmosphere in the market right from the beginning on the first trading day of the week. Both Sensex and Nifty continued to trade in the red. Shares of auto, information technology (IT) and metal companies witnessed the biggest weakness, which increased the pressure on major indices. Although buying was also seen in some selected sectors, it was not enough to control the market. Experts believe that there is volatility in the market due to weak signals from global markets and cautious strategy of investors.

Mixed signals from Asian markets

The impact of Asian stock markets was also seen on the Indian market. There was mixed trading in Asian markets on Monday. Selling dominated in some markets, while some major indices were seen trading with gains. Investors are keeping an eye on global economic signals and the movements of international markets.

Japan and South Korea markets crashed

South Korea’s Kospi index was seen trading at the level of 8,269 with a decline of 177 points or 2.01%. At the same time, Japan’s Nikkei index fell by 491 points or 0.71% and reached the level of 68,869. The impact of the decline in both the major Asian markets was also seen on investor sentiment.

Hong Kong’s Hang Seng rises

On the other hand, Hong Kong’s Hang Seng index was seen trading strongly. The index reached the level of 23,116 with an increase of 444 points or 1.74%. Due to this, a mixed trend was seen in the Asian markets.

The market had closed on gains in the last trading session

Earlier on Thursday, June 25, the Indian stock market had closed with gains. BSE Sensex closed at 77,100 with a gain of 109 points. Whereas Nifty had increased by 34 points and closed at the level of 24,056. After the rise in the previous session, there was a decline in the market on Monday due to pressure of profit booking and global cues.

What does this decline mean for investors?

Market experts say that such decline in the stock market is part of normal fluctuations. Short-term investors should focus on the fundamental performance of companies and long-term investments instead of getting worried about fluctuations. At the same time, for investors who have their eyes on auto, IT and metal sectors, it will be important to keep an eye on the further movement of these stocks.

At present, investors’ eyes are focused on domestic economic data, activities of foreign institutional investors (FII) and further signals from global markets. On the basis of these factors, the direction of the Indian stock market will be decided in the coming trading sessions.