look news india
Share Market Opening 2 August: After creating a new history a day earlier, the domestic market witnessed a huge decline as soon as it opened on Friday. The clear impact of the decline in the global markets is visible on the domestic market today. The BSE Sensex fell by more than 700 points in the beginning, while the Nifty opened with a decline of about 200 points.
Signs of a downturn in the market
Before the market opened, Nifty futures were trading at a huge discount in GIFT City. Nifty futures closed down by about 215 points at 24,820 points. There were signs of a huge fall in the market in the pre-open session. In the pre-open session, the BSE Sensex was down by more than 700 points and was close to 81,160 points. Nifty fell by more than 220 points and came below 24,790.
Earlier on Thursday, the domestic market had set a new record on the first day of the new month. In yesterday's trading, the Sensex managed to cross the 82 thousand points mark for the first time and touched a new all-time high of 82,129.49 points. In late trading, the Sensex was up 126.20 points (0.15%) at 81,867.55.
On Thursday, Nifty crossed the 25 thousand mark for the first time in history and touched a new all-time high of 25,078.30 points. After the close of trading, the NSE Nifty 50 index rose 59.75 points (0.24%) to close at 25,010.90.
Brakes applied on US market boom
US markets were in the red on Thursday. On Wall Street, the Dow Jones Industrial Average was down 1.21 percent. Similarly, the S&P 500 fell by 1.37 percent and the Nasdaq Composite Index fell by 2.30 percent. Asian markets are also trading on a decline today. Japan's Nikkei is down by about 5 percent, while the Topix is trading with a loss of more than 5 percent. South Korea's Kospi fell by 2.60 percent and Kosdaq by 2.56 percent. Hong Kong's Hang Seng is also showing signs of an early decline.
