In the Asian markets, Hong Kong’s Hang Seng, Japan’s Nikkei and South Korea’s Kospi were in loss, while China’s Shanghai Composite was in profit.
शेयर बाजार धड़ाम, निवेशकों का ₹10 लाख करोड़ स्वाहा
Amid the slowdown in the US economy and the withdrawal of foreign capital, the major stock market index Sensex and Nifty registered a huge decline in early trade on Monday. The 30-share BSE Sensex fell 2,401.49 points to 78,580.46 points in early trade. NSE Nifty slipped 489.65 points to 24,228.05.
At the time of writing the news, the Sensex is trading at around 79000, down more than 1400 points, while the NSE Nifty is currently trading at 24,228.05, down 440 points. Among the companies listed on the Sensex, the shares of Tata Motors, Tata Steel, JSW Steel, Adani Ports, Maruti and Reliance Industries fell the most. Shares of Sun Pharma and Hindustan Unilever remained in profit.
In Asian markets, Hong Kong’s Hang Seng, Japan’s Nikkei and South Korea’s Kospi were in loss, while China’s Shanghai Composite was in profit. US markets closed with a negative trend on Friday. Global oil benchmark Brent crude futures were trading at US$ 77.08 per barrel with a gain of 0.35 percent. According to stock market data, foreign institutional investors (FIIs) were sellers in the capital market on Friday and sold shares worth a net Rs 3,310.00 crore.
In fact, there has been a big decline in the manufacturing PMI data in the US, which is indicating that there may be a recession in the US. Along with this, there has been a record increase in the number of unemployed, which has directly affected the US market. At the same time, the announcement of layoffs in the IT sector has also deepened the crisis, due to which the global IT sector is also under heavy pressure.
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