Stock market slips due to weak global markets
There was a huge decline in the stock market today. On Monday, the Sensex fell by about 1,200 points. At the same time, a fall of about 350 points was recorded in the Nifty. The effect of the crash in the US stock markets is also visible on the domestic stock market. As soon as the stock market opened, there was a ruckus. As a result, on Monday, the first day of the week, there is a big decline in the Indian stock market.
Today, the 30-point BSE Sensex opened at the level of 57,367.47 points with a fall of 2.49 percent at the beginning of the trading session. At the same time, Nifty also saw a huge decline and it opened at 17,188.65, breaking about 370 points. Tech Mahindra, Infosys, TCS and Wipro were among the stocks that saw the most decline. Tech Mahindra’s stock saw a correction of over 4.5 percent.
Tech Mahindra, Infosys, HCL Technologies, Wipro, Tata Consultancy Services, Tata Steel and Power Grid were among the major losers during this period. In other Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were also trading in the red. The US stock markets closed with a fall on Friday.
On Friday, the Sensex was up 59.15 points or 0.10 per cent at 58,833.87, while the Nifty was up 36.45 points or 0.21 per cent at 17,558.90. Meanwhile, Brent crude rose 0.86 percent to reach a price of 101.9 per barrel. According to provisional data of the stock market, foreign institutional investors (FIIs) sold shares worth Rs 51.12 crore on Friday.
