The collapse in the global market has affected the domestic market as well. The Indian stock market touched new highs a day ago, but signs of a fall have become evident since the market opened today. By 9.15 am Sensex (Sensex Today) Nifty, both indices opened in the red. Sensex index opened with a fall of 60 points, and Nifty opened with a fall of 25 points. The stock market today fluctuates within a certain range within a few minutes of morning trading. The Sensex fell below 81,175 points by 9.20, while the Nifty 50 fell by 20 points. Nifty started hovering at 25,030 points.
An indication of pressure before the market opens:
Sensex and Nifty came under heavy pressure in the pre-open session of the market. The Sensex was up just 0.05 percent before the market opened, and the Nifty had already broken 17 points. Nifty futures were trading in the red at Gift City in the morning. It was hovering around 25,002, down 55 points.
The index rose a day earlier:
Before this, the Indian stock market had seen a bullish trend only on Wednesday, that is, yesterday. Sensex rose 73.80 points to 81,785 points in yesterday’s trading session. Similarly, Nifty rose 34.60 points to close at 25,052.30 points. And the Nifty touched its new all-time high during the trading session.
Global markets are falling:
The US market collapsed on Wednesday. On Wall Street, the Dow Jones Industrial Average fell 0.39 percent. The S&P 500 index and the Nasdaq index fell 0.60 percent and 1.16 percent, respectively. The price of Nvidia, the largest and strongest share of the US market, also fell 7 percent in a shock. The Asian market is also falling since yesterday. Japan’s Nikkei fell 0.56 percent, while Hong Kong’s Han Seng opened the day lower.
IT sector shares fell more:
Shares of the IT sector witnessed a decline in this morning’s trading session. Shares of HCL Tech fell 0.65 percent today, while shares of Infosys and TCS fell around 0.60 percent. Among other stocks, shares of Ultratech Cement, Tata Steel, Maruti Suzuki, and JSW Steel are also falling. However, HDFC Bank, Bajaj Finserv, and Reliance Industries shares are flat today amid this fall.
