There was a big fall in the stock market on Friday, the last day of last week, and the shares of many big companies were scattered like a pack of cards. When the US Stock Market was shaken by the recession in America, its direct impact was visible on the Indian market as well. Now the first business day of the week, Monday, is also looking like ‘Black Monday’. While Sensex and Nifty fell heavily in the pre-open, Sensex-Nifty fell as soon as the market opened. BSE Sensex opened below 80,000.
Sensex shattered as soon as it opened today
With the opening of the stock market on Monday, the 30-share Sensex index of the Bombay Stock Exchange opened at 79,700.77 with a fall of 1200 points compared to its previous close, while the Nifty of the National Stock Exchange opened at 79,700.77. -50 also started trading with a fall of 424 points. Earlier last Friday, a tsunami like scene was seen in the Indian stock market. BSE Sensex fell 885.60 points or 1.08% to close at 80,981.95. Whereas if we talk about Nifty50, it fell by 293.20 points and closed at 24,717.70 level.
In the pre-opening itself there were indications as to how the stock market was going to trend. In fact, in Pre Open, Sensex fell by more than 3000 points, while Nifty saw a huge fall of 700 points.
So much money was lost on Friday
Due to the huge fall in Sensex, the market cap of BSE decreased by Rs 4.56 lakh crore to Rs 457.06 lakh crore on Friday. In such a situation, it can be said that the valuation of investors under BSE decreased by Rs 4.56 lakh crore on Friday.
After all, what happened in America?
In fact, there has been a big decline in the manufacturing PMI data in America, which is indicating that there may be a recession in America. Besides, there has also been a record increase in the number of unemployed, which has directly impacted the American market. At the same time, the crisis has deepened due to the announcement of layoffs in the IT sector, due to which the global IT sector is also under huge pressure.
These 10 shares fell like a pack of cards
Amidst the earthquake in the stock market, 28 out of 30 BSE stocks opened in the red. If we talk about the 10 most falling shares, then Tata Group’s automobile company Tata Motors share among large cap companies is 4.28%, Tata Steel Share 3.89%, Maruti Share 3.19%, Adani Port Share 3.26%, JSW Steel Share 3.21. %, SBI Share was trading down by 3.19%, M&M Share by 3.15%, Titan by 3.10%, LT Share by 3% and Reliance Share by 2.27%.
(Note- Before making any kind of investment in the stock market, definitely take advice from your market experts.)