Share Market Opening Bell: The share market has seen a big drop today. Sensex fell by 400 points and Nifty fell below 16900 points.
Share Market Opening Bell: Today’s trading in the stock market has started with a fall. There has been a big fall in the market. The fall in the US stock market and the global stock market also affected the Indian stock market.
After the start of trading in the stock market today, the Bombay Stock Exchange Index (Sensex) fell by 397.39 points to open at 56,710 points. Meanwhile, the national stock market index Nifty opened at 16,870 points, falling by 136.85 points. After that, the Sensex saw a fall of over 400 points as the market saw selling pressure. At 9.45 am, the Sensex was trading at 56,728.45, down 379 points. While, the Nifty was trading at 16,896.70 points, down 110 points.
Out of the 30 companies in the Sensex index, only four companies showed gains. Whereas, the remaining 26 shares saw decline in price. In Nifty 50, 9 stocks showed gains while 41 stocks showed declines.
Powergrid, Sunpharma, Dr. Share prices of Reddy’s Lab and Mahindra & Mahindra rose. After an initial decline, Wipro’s share price saw a rally. Powergrid, Sunpharma, Dr. Share prices of Cipla and Eicher Motors saw a jump along with Reddy’s Labs.
Shares of Bharti Airtel, TCS, L&T, Nestlé, SBI, TCS, Infosys, Maruti, Kotak Mahindra Bank, Bajaj Finance, Hindustan Unilever, ICICI Bank, Tech Mahindra have seen declines.
In the per-opening session, the stock market witnessed a decline. The Nifty was trading at 16856 points, down 156 points. Whereas, the Sensex was trading at 56700 points with a decline of 407 points.
The US stock market has been falling for the past six days. Its effect is also visible on the Indian stock market. Asian stock markets are also showing decline. The US stock market continues to sell off. Markets are seeing the impact of the Federal Reserve raising interest rates.