The stock market has fallen drastically. After a small ups and downs during the morning trading, there has been a heavy decline in the Indian stock market in the afternoon. After noon, the NSE NIFTY broke more than 262 points. At the same time, the Sensex declined by 850 points. Nifty is currently trading on 24682 and Sensex 81212.
Out of the top 30 shares of BSE Sensex, only 4 shares are trading on the remaining 26 stocks decline except Tata Steel, Infosys, Indusind Bank and ITC shares. Zomato shares have the biggest decline of 3.34 per cent. Apart from this, the stocks of Maruti Suzuki, Mahindra & Mahindra and Powergrid have seen a decline.
Which sectors decline more?
Auto, banking, pharma sector remains the most selling pressure. Apart from this, heavy selling is also visible in midcap and smolcap. However, metal and IT sectors have been rapidly rapidly.
Why suddenly the market falls big?
The major reason for this decline in the stock market is visible due to increasing stress at the global level. At the same time, after the rally in the market, profit booking can also be another reason for this decline. However, the Chinese market and the American market have seen a great rise during a few days. On the other hand, heavyweight shares are also broken. Shares like Auto, Pharma have fallen rapidly.
These shares have done more losses
Cochin Shipyard shares have lost 7.50 percent, Tute Investment Shares 4.46 percent, RITES shares around 6 percent, data patterns shares 5.6 percent, Titagarh Rail System shares 5.24 percent, Bajaj Holdings shares 6.86 percent and Zydus shares have lost nearly 4 percent.
Upper circuit in 115 shares
Out of 2,844 stocks on the NSE, 746 shares were on a rise, while 2,021 shares declined. In addition, there was no change in 77 shares. Lower circuit in 49 shares and upper circuit in 115 shares. Apart from this, 47 shares were at 52 weeks high and 16 shares were trading on 52 weeks.
(Note- Take the help of financial advisor before investing in any share.)
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