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The effect of the decline in the global market is also being seen in the Indian domestic market on Monday. The beginning of the first trading day of the week was disappointing for the Indian stock market. Today a huge fall is being seen in Sensex and Nifty. The Sensex fell by more than 1133 points in Monday's trading session. Due to the huge fall in the stock market, investors have lost Rs 4 lakh crore. Global signals are responsible for the disappointing performance of the stock market. A huge decline has been seen in the stock markets of China and Japan. Which is happening in the domestic market.
At around 1.30 pm on Monday, Sensex was trading at 84437.88 after a fall of 1133 points, while Nifty also saw a fall of more than 324 points. The stock market witnessed tremendous growth last week and Sensex-Nifty were making new records almost every day, but on the first trading day of the week, there was a sudden break in the market momentum and both the indices fell badly.
What level did Sensex Nifty reach?
Sensex started trading at 85,208, down from its previous close of 85,571 and fell 744.99 points to 84,824.86 within minutes. Like Sensex, Nifty also opened sharply lower at 26,061, falling 211.75 points from the previous closing level of 26,178.95 to 25,967.20.
Why did the market suddenly fall?
Signs of this big decline were already visible in the Indian stock market. In fact, because of Japan, global indices were looking sluggish and its impact was clearly visible when the markets opened. A strong decline was seen in Japan and it saw a decline of 1850 points. Its index Nikkei was trading at 37,980.34 with a decline of 1849.22 points. While Japan's market rose 4.64 percent, China's main market index Shanghai Composite rose 4.89 percent and fell 151.03 points. Korea's Kospi was trading at a slight decline.
Top Gainer and Loser Stocks
Hindalco, NTPC, JSW Steel, Tata Steel and Britannia were the top gainers in the National Stock Exchange's Nifty 50 in early trade. Hero MotoCorp, Tech Mahindra, Coal India, ICICI Bank emerged as top losers in Nifty 50 on September 30.