look news india
The Indian stock market closed today i.e. Monday, September 30 with a fall of more than 12,00 points. Even in the morning the market opened with a fall of 350 points. In the last session of the month, Sensex and Nifty closed with heavy losses. This decline has been seen in the market due to the huge fall in the shares of banking and auto sector and the shares of Reliance Industries, the largest company in the stock market. At the end of today's trading, Sensex fell by 1,272 points to close at 84,299 points and Nifty of National Stock Exchange fell by 368 points to close at 25,811 points.
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 weak and its impact was clearly visible when the market 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.
Main reasons for market breakdown
- The fear of war between Iran and Israel had a negative impact on the global market as well as the Indian stock market.
- The fear of recession has increased in America, due to which a decline was seen in the American market on the last trading day. Its effect is being seen in markets all over the world.
There was a decline of more than one percent in these shares
Apart from this, shares of Tech Mahindra, Maruti Suzuki, State Bank of India, Nestle India, Tata Motors, Infosys, Sun Pharma, Bharti Airtel, UltraTech Cement, IndusInd Bank, HDFC Bank fell by 1 percent to 2 percent. Shares of Bajaj Finance, ITC, TCS, Kotak Mahindra Bank, Adani Ports, PowerGrid, Larsen & Toubro, HCL Tech and Hindustan Unilever were down less than 1 per cent.
Nifty and Sensex closed with decline on Friday
Earlier on Friday i.e. 27th September, the stock market had made all-time high for the eighth consecutive day. While Sensex touched a record level of 85,978 and Nifty touched 26,277. However, it later declined and the Sensex closed down 264 points at 85,571. Nifty also fell 37 points and closed at 26,178.
Out of 30 Sensex stocks, 15 stocks rose and 15 stocks declined. Out of 50 Nifty stocks, 29 rose and 20 declined. While one share remained unchanged. The biggest decline was in the media sector of NSE by 1.55%. At the same time, oil and gas had the highest increase of 2.37%.