Stock Market News: After the weak signals from the global market, a declining trend was seen in the Indian stock market. On the first trading day of the week, the 30-point Sensex opened with a fall of more than 1100 points at 53,184.61 points. While the 50-point Nifty fell more than 300 points and opened at the level of 15,877.55. Red marks were seen on all 30 Sensex stocks during the pre-open session.
Sensex reached below 53 thousand
Shortly after the opening of the stock market, a fall of 1443 points was seen in the Sensex and it fell to 52,860 points below 53 thousand. Similarly, at around 9.30, the Nifty fell by 421 points to the level of 15,780.70. Only Cipla’s share was seen in the top gainers of Nifty. Talking about the top losers, there were Hindalco Services, Bajaj Finance, Bajaj Fin Services, Kotak Bank, and IndusInd Bank. In today’s trading session in the stock market, selling is being seen in almost all the sectors on Monday.
In today’s trading session, buying is being seen in 494 shares and there is a sell-off period in 2030 shares. Apart from this, no change is being seen in 100 shares.
US market also down
On the other hand, there was a decline in the global market as well. In Friday’s trading session, the US market was badly broken and the Dow Jones closed at the day’s low by breaking 880 points. The Nasdaq saw a decline of 3.5 percent. All 11 sectors, including IT, banks, and consumer stocks, were under selling pressure. Apart from this, the European and Asian markets also saw a decline.