The sharp decline in the stock market, the metal index declined by 2 percent.
New Delhi:
Stock Market Updates: Due to the heavy fall in the domestic stock market on Tuesday morning, the break of four days has been put to a break. Today, both the benchmark indices have reached the red mark in pre-opening trade. The Sensex has fallen by more than 400 points, while the Nifty which was maintaining a level above 14,900, today the Nifty has fallen below the level of 14,800. The Sensex was trading below 49,100.
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If you look at the figures of 9.59 am, the Sensex is trading at the level of 49,146.04, down by 356.37 points i.e. 0.72%. At the same time, the Nifty was trading at 14,841.65, taking a drop of 100.70 points i.e. 0.67%. 27 stocks of 30-share Sensex opened in red mark.
Today, a big decline has been recorded in banking, metal and pharma stocks in the opening trade. The metal index has fallen by 2 percent. Let us know that in the last trading session, a lot of momentum was recorded in these sectors.
On Monday, the Sensex climbed 295.94 points, or 0.60 percent, to 49,502.41 points and the Nifty improved 119.20 points or 0.80 percent to close at 14,942.35 points in closing. The Sensex has gained 1,248.90 points or 2.58 percent in the last four trading sessions. Similarly, in the Nifty, in the last four days, an increase of 445.85 points i.e. 3.07 percent has been registered.
Investors’ wealth has increased by Rs 6,44,760.45 crore due to the rapid rise of the last four days in the stock markets. The market capitalization of listed companies in the Bombay Stock Exchange increased by Rs 6,44,760.45 crore to reach Rs 2 crore 13 lakh 28 thousand 685 crore 05 lakh.
Experts say that there are favorable indications from the global market, the March quarter results of the companies were at a reasonable level with favorable comments, while the Reserve Bank has announced liquidity support for business growth. Nationwide lockdown has not been done this time, in such a situation, investors have kept back the concern of increasing cases of corona virus.
(With input from language)