Stock Market: Sensex fell by over 1000 points on opening, Nifty slipped below 8400
Stock Market: The domestic stock markets started today with a decline. Due to the effect of the Corona virus, the markets are not able to sustain the boom.
New Delhi: The impact of the decline seen in the Asian markets today was also seen on the domestic market and on Friday, the impact of the tremendous weakness of the American markets was seen on the stock market of India today. The Indian market is open with a big decline. Today started the first trading day of the week with the weakness of the market.
How the market opened
today, the market started with a big fall and the Sensex saw a drop of 950 points in the beginning. In the beginning, the Sensex-Nifty is seeing a decline of more than 3-3 percent. Within 5 minutes of the market opening, the Sensex was trading at 28,863, down by 951.66 points, or 3.19 per cent, and the NSE 50-share index Nifty was trading at 8,388, down 271.65 points, or 3.14 per cent.
Market in
pre-open The market was witnessing a steep decline in pre-open session and the Sensex was trading around 29500 with a fall of 150 points. Apart from this, the Nifty had slipped below 8400 with a tremendous fall of 350 points. On the basis of this, it was clear that Indian markets will start with Girat.
Asian markets have
recorded a strong decline in the recent Asian markets. Japan’s Nikkei was trading down by more than 4 percent. Apart from this, Hangseng, Kospi, and Taiwan index were also below.
The rupee opened weak by 33 paise. In
today’s trade, the rupee opened down by 33 paise. On Friday, the rupee closed at 74.85, whereas today the Indian rupee opened at 75.18 against the US dollar, which meant a weakness of 33 paise.
How the Indian market was closed on
Friday, the stock market started on Friday with a rapid pace, but after the RBI announcements, the market was not going to get the momentum and the market closed with a red mark of declining. The Sensex lost 131.18 points to close at 29815.59, and the Nifty was seen to end 18.80 points at 8660.25.
Heavy fall in US markets on Friday
, due to rising cases of corona virus, the US market fell wildly on Friday and the Dow index fell by more than 915 points and these US markets were broken by over 4 percent.
