look news india
Due to the slow pace of the US and Chinese economy, the world market is witnessing a decline. Its effect is clearly visible on the Indian stock market. In the morning, the Sensex fell by more than 700 points. Nifty also saw a huge decline. Due to this decline, stock market investors suffered a loss of more than three lakh crore rupees.
According to the data of BSE and NSE, IT, finance and metal stocks have seen the biggest decline. Shares of Infosys, ICICI Bank, L&T, TCS, Bharti Airtel and SBI are trading with a decline. Meanwhile, JSW Steel and Tata Steel are seen in the list of top loser stocks. Know what figures are being seen in the stock market these days ,
Which stocks fell?
Coal India and Wipro are the top three losers on the National Stock Exchange. ONGC is trading down by 2.96 per cent. L&T IM and Hindalco are trading down by more than two per cent. Asian Paints is trading up by more than two per cent on the NSE. Grasim and Hindustan Unilever are trading up by more than one per cent.
fall in stock market
The Indian stock market is witnessing a decline amid concerns of recession in the US and slowdown in China's economy. During the trading session, the BSE's major index Sensex fell 721.75 points to 81,833.69. Thus, the Sensex is currently trading at 82,141.94 points with a decline of 415 points. At the same time, the NSE's major index Nifty slipped 196.05 to 25,083.80 points. Currently, the Nifty is down 150 points and is trading at 25,131 points.
These are the reasons behind the fall in the stock market
Indian stock markets have fallen due to fears of recession in the US. According to the information received, manufacturing in the US remained weak in August, which is a sign of continued weakness in this sector. According to ISM, the manufacturing PMI rose to 47.2 percent last month from 46.8 percent in July, which is the lowest reading since November. PMI being below 50 indicates weakness in the manufacturing sector. Which contributes 10.3 percent to the economy.
China's weak economy
The latest Chinese market data shows signs of a weakening economy. This has raised hopes of stimulus from Beijing. The latest report showed that China's factory activity fell for the fourth consecutive month in August. This has raised concerns that the world's largest economy may struggle to meet this year's growth target.
