look news india
Sensex and Nifty Update: The stock market has been declining for the last few days. Sensex and Nifty also saw a slight decline today. But most of the stocks in small cap and midcap indices are rising. Due to the pressure in the big stocks, the decline has increased, which has become the biggest fear for the investors. Today Sensex saw a fall of 288 points while Nifty saw a fall of 88 points.
Sensex is currently trading 355 points down at 81,393.11 and Nifty is trading 110 points down at 24,558.95. Bank Nifty fell 190 points to 53,391.80. Of the top 30 BSE Sensex stocks, 22 stocks declined, while the remaining 6 stocks rose. The maximum decline of 1 percent was recorded in the shares of Reliance Industries. Besides, 34 Nifty 50 stocks were down on NSE, including giants like Shriram Finance, Reliance and Bharti Airtel.
These 10 stocks fell the most
Shares of Blue Star, Bharat Dynamic, Shriram Finance fell more than 2 percent. Shares of Pidilite, L&T Finance, Max Finance Services, Raymond and ITI are down more than 1 percent. Apart from this, shares of Grasim Industries, Reliance Industries and Vedanta also fell by 1 percent.
Why is the market falling every day?
By the end of this week the Federal Reserve Bank will decide on interest rates and inflation. Due to which the stock market is waiting for this and big investment is not coming yet. On the other hand, foreign investors are withdrawing money from the Indian market. Apart from this, an increase in VIX is also being seen in India. Due to all these reasons the stock market is declining.
When will the surge come?
According to market experts, the main reason for the decline in big stocks is quarterly results. However, there may soon be a break in this decline. Also, after good global signals and the decision of the Federal Reserve, the Indian stock market may also rise. At present investors need to be patient.