Vikrant Shekhawat : Sep 30, 2024, 01:01 PM
Share Market Down: On Monday, the Indian domestic market has seen a clear impact of the decline in global markets. On the first trading day of the week, Sensex and Nifty have fallen sharply, creating an atmosphere of disappointment among investors. In early trade, Bank Nifty opened with a decline of more than 600 points, indicating market weakness.Status of Sensex and NiftyAt around 11 am, the Sensex was trading at 84,799.15, down 782 points, while the Nifty was also seeing a decline of more than 250 points. Last week, the Indian stock market experienced a strong rally, where the Sensex and Nifty set new records. But the sudden decline early this week surprised investors.The Sensex started trading at 85,208 against its previous close of 85,571 and in no time it fell to 84,824.86 with a fall of 744.99 points. At the same time, the Nifty also opened at 26,061, taking a fall from its previous close of 26,178.95 and fell 211.75 points to reach the level of 25,967.20.
Reasons for the fallThis big fall in the Indian stock market was already indicating. Actually, the effect of global signals was clear, especially in the Japanese market. The situation there affected the Indian market, where the Nikkei index saw a decline of 1850 points. In Japan, the Nikkei was trading at 37,980.34 with a fall of 4.64%, while China's Shanghai Composite fell by 4.89%.Top Gainer and Loser StocksInitially, some stocks performed well in the Nifty 50, including Hindalco, NTPC, JSW Steel, Tata Steel, and Britannia. On the other hand, Hero MotoCorp, Tech Mahindra, Coal India, M&M, and ICICI Bank were the top loser stocks.ConclusionThis fall in the Indian stock market is a direct result of global cues, and investors are advised to be cautious. If this trend in the global markets continues, then the Indian market may come under further pressure in the coming days. At such a time, investors need to diversify their portfolio and adopt a long-term investment strategy.
Reasons for the fallThis big fall in the Indian stock market was already indicating. Actually, the effect of global signals was clear, especially in the Japanese market. The situation there affected the Indian market, where the Nikkei index saw a decline of 1850 points. In Japan, the Nikkei was trading at 37,980.34 with a fall of 4.64%, while China's Shanghai Composite fell by 4.89%.Top Gainer and Loser StocksInitially, some stocks performed well in the Nifty 50, including Hindalco, NTPC, JSW Steel, Tata Steel, and Britannia. On the other hand, Hero MotoCorp, Tech Mahindra, Coal India, M&M, and ICICI Bank were the top loser stocks.ConclusionThis fall in the Indian stock market is a direct result of global cues, and investors are advised to be cautious. If this trend in the global markets continues, then the Indian market may come under further pressure in the coming days. At such a time, investors need to diversify their portfolio and adopt a long-term investment strategy.