stock market crash
New Delhi:
The country’s stock markets have seen a sharp decline in the opening trade on the last trading day of the week. The Sensex is trading down 693 points in the morning at 59113 while the Nifty is also seeing a decline of 202 and the index is trading at 17386. Sensex has fallen by about 1.16 percent and Nifty by 1.15 percent.
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Let us tell you that the domestic stock markets declined on Thursday and the BSE Sensex closed down by about 540 points. Markets were in losses due to weak trend in global equity markets and heavy selling pressure in Reliance Industries, Bajaj Finserv and ICICI Bank. Traders said that apart from this, weakness in the rupee against major currencies overseas also affected market sentiment.
The 30-share BSE Sensex opened strongly after three days of gains, but closed at 59,806.28, down 541.81 points, or 0.90 percent, due to heavy selling in the day’s trading. Similarly, the NSE Nifty also lost 164.80 points, or 0.93 percent, to close at 17,589.60 points.
Mahindra & Mahindra was the biggest loser among the Sensex stocks with 3.31 per cent. Apart from this, Reliance Industries, Bajaj Finserv, ICICI Bank, Maruti, Tata Motors and Tech Mahindra were among the major losers. On the other hand, Tata Steel, L&T, Axis Bank, Bharti Airtel and HDFC Bank were among the gainers.
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