The stock market was so devastated on Thursday that it couldn’t recover until the end. The two-day market rally was expected to continue on the fourth trading day of the week, but the downtrend in both the Sensex-Nifty market indices started immediately after the opening in the green zone and continued till the close. of the market. . At the end of trading, Sensex closed down 836 points, while Nifty closed down 284 points. Meanwhile, shares of TATA a Reliacne fell.
Sensex closed after falling more than 800 points
On Thursday, the fourth trading day of the week, BSE Sensex opened at the level of 80,563.42 with a jump of about 200 points compared to its previous close of 80,378.13 and fell by 900 points. This decline narrowed marginally after the market closed, but despite this, the 30-share Bombay Stock Exchange Sensex fell 836.34 points or 1.04 per cent to close at 79,541.79.
Nifty fell below 24200
Nifty’s decline also continued from the beginning and as trading in the market progressed, it became even faster. Compared to its Wednesday close at 24,484.05, the Nifty index opened at the level of 24,489.60 with a slight gain and within a few minutes fell by 200 points. After this, it also fell like the Sensex and at the end of trading, the NSE index fell by 284.70 points or 1.16 per cent and closed at the level of 24,199.35.
These 10 stocks fell the most
On Thursday, the stocks that turned out to be the villains of the market included stocks ranging from Tata to Reliance, which closed with a big drop. On BSE Largecap, Tata Motors Share fell 2.36% to Rs 819.80, Tech Mahindra Share fell 2.21% to Rs 1,656, while JSW Steel Share closed 1.99% lower at 988.75 rupees. Apart from this, Titan (1.81%), Tata Steel (1.76%) and Reliance (1.50%) closed.
GlenMark Share included in the midcap category fell 6.27% to close at Rs 1658, Ajanta Pharma Share fell 4.46% to close at Rs 2981 and Muthootfinance Share fell 3.79% to close at Rs 1823, 25. In the smallcap category, the biggest fall was in Venkeys Share, which fell 8.56% and closed at Rs 1,733.35.
These are the big reasons for the market collapse
Speaking of the reasons for the stock market crash, the quarterly results of the country’s big companies keep coming in and do not look encouraging. This has also affected the stock market. The Federal Reserve meeting continues and pressure has been seen in the global market in this regard. Apart from this, if we talk about the main reasons for the fall of the stock market, according to Reuters, an additional aid package of 10 crore yuan could be announced at the 14th meeting of the NPC Standing Committee in China, due a Given this possibility, the Chinese market continues to increase, so the tendency of foreign investors may increase towards the Chinese market and the effect of this fear is visible in the Indian market.
(Note: Before making any investment in the stock market, definitely consult your market experts.)
