Sensex falls by 1000 points: Trading at 76,300, Nifty also falls by 300 points; Heavy selling in auto and banking shares

There is a decline in the stock market today i.e. on 11th May. The Sensex is trading at the level of 76,300 with a fall of about 1,000 points. Nifty has also fallen by more than 300 points, it is trading at 23,900. Today there is a huge decline in auto, banking and realty shares.

3 main reasons for market fall

1. Fear of supply chain disruption due to Iran-Israel war.
2. India’s import bill and inflation will increase due to increase in crude oil prices.
3. Impact of decline in Asian markets on India.

Mixed business in Asian market

index	level	point change	percent change
Kospi (South Korea)	7828	317	4.29%
Nikkei (Japan)	62487	-250	-0.36%
Hang Seng (Hong Kong)	26313	-80	-0.30%

Foreign investors sold shares worth Rs 13,908 crore in the last 7 days

category	Latest	last 7 days	last 30 days
DII	6,748	16,629	36,474
FII/FPI	-4,111	-13,908	-42,235

Note: Net buying/selling figures of FIIs and DIIs are in crores of rupees.

There was a decline in the market on Friday

Earlier on May 8, there was a decline in the stock market. The Sensex closed at 77,328 with a fall of 516 points. Nifty also fell by 150 points, it closed at 24,176.

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