Yesterday there was a huge decline in the American stock market. Today, i.e. on Friday, the last trading day of the week, there has been a big fall in the Indian stock market. Sensex fell 631 points and opened at 81235 level, while Nifty50 fell 227 points and opened at 24,783. On Thursday, Sensex closed at 81,867.55, while Nifty closed above 25000 points.
In the early morning trade, 3 out of the top 30 stocks of BSE Sensex are seeing a rise. The remaining 27 shares are trading in the red. The biggest decline is seen in Tata Motors by 3.30 percent, Tata Steel by 3 percent, Maruti Suzuki by 2.85 percent, JSW Steel by 2 percent, L&T by about 2 percent and ICICI Bank by 1.38 percent.
Why did the US market fall yesterday?
On Friday, apart from Sensex, Nifty, Bank Nifty and all other indices were on the red mark. The biggest reason for this is believed to be the big fall in the American market yesterday. The decline in the global market is due to the fear of recession, because the manufacturing PMI in America has fallen more than expected and the number of unemployed has also increased significantly.
Huge decline in these five stocks
Cummins India shares are down 7 percent at Rs 3,571. Aditya Birla Cap has declined by 3.74 percent. Shares of Tata Motors, Vedanta, Tata Steel, HAL and ONGC have declined by more than 3 percent.