The stock market crash has been going on for a long time. There was a huge drop in the market last week and in the last two days of trading, investors lost more than Rs 13 lakh crore. Today, on the first trading day of the week, there are signs that this decline will continue and the mood of global markets seems bad. On the one hand, although the rally that began after Donald Trump’s victory in the US stock market seems to have stopped, Gift Nifty is also trading slowly.
Sensex had crossed 1900 points.
How bad last week was for the stock market can be seen by the fact that there was a huge drop in the market value of 8 of the 10 most valuable companies in the country. Amid the decline, these companies had collectively lost Rs 1,65,180.04 crore. These, from Mukesh Ambani’s Reliance to the country’s largest government bank, SBI, had suffered losses. Meanwhile, in just four days of trading sessions last week, BSE Sensex fell by 1,906.01 points or 2.39 per cent.
These signals are being received today.
There are also signs of how the stock market will perform on the first trading day of the week. In fact, while on the one hand there is pressure on the Asian markets and the Gift Nifty is trading with a drop of almost 100 points, on the other hand the Japanese Nikkei is in the red.
As for the US markets, the Dow Jones closed down 0.70 percent or 305 points, while the Nasdaq also fell more than 400 points. If we talk about the S&P500 index, it closed with a huge drop of 1.32 percent. It is noteworthy that after Donald Trump’s victory in the presidential elections in the United States, a rebound was being observed in the American markets, which seems to have stopped.
How was the market condition last week?
Last week there were only four trading sessions in the stock market, Friday was a market holiday. On the last day of trading on Thursday, the 30-share Sensex of the Bombay Stock Exchange closed at the level of 77,580.31 with a decline of 110.64 points. Similarly, the Nifty 50 of the National Stock Exchange also closed at the red mark at 23,532.70 level, as did the Sensex.
(Note: Before making any type of investment in the stock market, definitely consult your market experts.)
