India’s stock market began trading on Monday with a strong fall, contrary to all expectations. Following a decline of over 1,000 points, the Sensex dropped below 55,000 points.
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On Monday, investor confidence was shaken again by the Russia Ukraine War, and they began selling. The Sensex opened at 55,329, down 530 points, and the Nifty opened at 16,481, down 177 points.
The decline doubled within 10 minutes
A trading session began in the market, and not even 10 minutes passed before the selling increased. 9.31 am: Sensex falls twice from the opening session and starts trading at 54,840 with a loss of 1,018 points. Similarly, Nifty dropped 290 points to 16,368.
Investors are not betting on this
Except for metal, all other sectors are declining on the BSE. Auto, Bank, FMCG, IT, Realty, Pharma, and PSU Bank all showed a decline of more than 1%. The shares of Future Group are seeing a growth of 6 to 15 percent.
In contrast, Asian markets open on the edge
Asia’s stock markets began trading Monday with an increase on most exchanges. There is a gain of 0.36 percent on the Singapore exchange and 0.40 percent on Japan’s Nikkei. In addition to this, trading is taking place with a gain of 0.33 percent on the Taiwanese market and 0.40 percent on the South Korean exchange. Indian investors see a big impact from Asian markets.
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