On Monday there was an earthquake in the stock market and in just 6 hours, investors lost more than Rs 6 lakh crore. This downward trend continued on Tuesday, the second trading day of the week, and the market plunged as soon as it opened. Bombay Stock Exchange’s 30-share Sensex opened at 78,542, falling 240 points, while the National Stock Exchange’s Nifty-50 also had a very bad start. Meanwhile, shares of many large companies plummeted as soon as they opened.
This is how the market began
On Tuesday, BSE Sensex opened at 78,542 level, down from its previous close of 78,782.24. At the same time, NSE Nifty also started trading at 23,916 level, falling 78 points compared to its previous close of 23,995.35. It is worth noting that on Monday, the last day of trading, Sensex had fallen by 1,400 points, while Nifty had fallen by 450 points throughout the day.
Even in the pre-open market, the impact of weak global cues was clearly visible on Sensex and Nifty. While BSE Sensex was down around 700 points, BSE Bankex was down as much as 1,698 points. After this, when the market opened, both indices opened with a drop.
(Note: Before investing in any stock, definitely seek the help of a financial advisor.)
