Mumbai7 minutes ago
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On the first trading day of the week, i.e. today, August 5, the Sensex is trading at the level of 79,500 with a decline of more than 1,400 points. At the same time, the Nifty has also fallen by about 500 points, it has come down to the level of 24,200.
In today’s trading, the Nifty Realty index has fallen the most by 4%. At the same time, PSU Bank, Metal, IT and Auto indices are also down by about 3%. The top losers of Sensex are Tata Motors, Maruti, Titan and Tata Steel, which are down by about 3%.
3 reasons for the fall in the market
- The possibility of war between Iran and Israel has created a negative sentiment in the global market. Its effect is also being seen in the Indian stock market.
- The fear of recession in America has increased, due to which the American market witnessed a decline on the last trading day. Its effect is visible in all the markets of the world today.
- Warren Buffet’s company Berkshire Hathaway has sold its 50% stake in Apple. He is now focusing on increasing his cash. Apart from this, other big investors are also selling.
Asian markets also declined
- There is a decline in the Asian market today. Japan’s Nikkei has fallen by 4.63% and Hong Kong’s Hang Seng has fallen by 0.58%. China’s Shanghai Composite has also fallen by 0.22%.
- Today is the second day of Ola Electric Mobility’s IPO. Investors can bid in this IPO till August 6. The company’s shares will be listed on the stock exchange on August 9.
- Today is the last day for subscription of Seagull India Limited’s IPO. In two days, this issue was subscribed a total of 1.26 times. The company’s shares will be listed on the stock exchange on August 8.
- Foreign Institutional Investors (FIIs) sold shares worth ₹3,310.00 crore on the last trading day, August 2. During this period, Domestic Institutional Investors (DIIs) bought shares worth ₹2,965.94 crore.
- On the last trading day, August 2, the Dow Jones of the US market closed down 1.51% at 39,737. NASDAQ closed down 2.43% at 16,776. S&P500 fell by 1.84%.
Last day of Seagull India IPO
Today is the last day for subscription of Seagull India’s Initial Public Offer i.e. IPO. So far, this issue has been subscribed a total of 1.26 times in two days. Before listing, the company’s shares have reached a premium of 13.22% i.e. ₹ 53 per share in the grey market.
In such a situation, according to the upper price band of ₹ 401, its listing can be at ₹ 454. However, this can only be estimated, the listing price of the stock is different from the gray market price.
The market was down last week
Earlier, on Friday, August 2, the market witnessed a decline. The Sensex closed at 80,981 with a decline of 885 points. At the same time, the Nifty also fell by 293 points and closed at 24,717.
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