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A big fall is being seen in the stock market today i.e. on 3rd October. Sensex is trading at the level of 83,400 with a fall of more than 800 points. Nifty has also fallen by more than 300 points, it is trading at the level of 25,450.
Today, major decline is being seen in auto, energy and banking shares. M&M, Tata Motors and Maruti are down around 2%. So far this week, the market has seen a fall of about 2,500 points.
3 reasons for market decline
- There is negative sentiment in the global market due to the fear of war between Iran and Israel. Its effect has also been seen on the Indian stock market.
- The current valuations of the Indian stock market have increased. Especially in the mid and small-cap segment. Due to this, a considerable correction may be seen in the market.
- The fear of recession has increased in America, due to which there was a decline in the American market on the last trading day. Its effect is visible in markets around the world.
Asian market remained on the rise
- In the Asian market, Japan’s Nikkei is up by 2.24%. At the same time, Hong Kong’s Hangseng index is down by 2.43% and Korea’s Kospi index is down by 1.22%.
- On October 2, the US Dow Jones Industrial Average rose 0.09% to 42,196 and the Nasdaq rose 0.08% to 17,925. The S&P 500 also rose 0.01% to 5,709.
- According to NSE data, foreign investors (FIIs) sold shares worth Rs 5,579 crore on October 1. During this period, domestic investors (DIIs) bought shares worth Rs 4,60 crore.
Garuda Construction and Engineering’s IPO will open on October 8 The initial public offer i.e. IPO of Garuda Construction and Engineering Limited will open on October 8. Investors will be able to bid for this issue till October 10. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 15. read the full news
There was a decline in the market on Tuesday Earlier on Tuesday i.e. October 1, the Sensex had fallen by 33 points and closed at the level of 84,266. At the same time, Nifty also declined by 15 points, it closed at the level of 25,796. The market was closed on October 2 on Gandhi Jayanti.
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