Share Market: Market fell as soon as it opened on the day of weekly expiry, Sensex fell 700 points in early trade

Share Market: Market fell as soon as it opened on the day of weekly expiry, Sensex fell 700 points in early trade

Photo:FILE Share Market

Share Market: On Thursday, the day of weekly expiry, the Indian stock market has turned upside down as soon as it opened. The Sensex has opened with a fall of more than 700 points. As of 9:30 am, the Sensex is trading at 58,872.57 points, down 664.50 points. At the same time, Nifty has also lost 191.75 points to 17]567.55 points. Only 5 stocks included in the Sensex are seeing a rise. Selling is being seen in banking, IT and FMCG companies.

Global market also down

Global markets have also declined. The Dow Jones has broken nearly 600 points in the last two days. At the same time, the Nasdaq is down 1.5 percent. On the other hand, SGX Nifty is seeing slight gains today. Concern has increased in the global market due to the rising level of inflation around the world and the sound of recession. The bond yields of the US and Japan have reached record highs. However, experts are expecting the market to remain bullish in the long term.

There was tremendous growth in the market on Tuesday

There was a tremendous jump in the domestic stock markets on Tuesday. The BSE Sensex closed with a gain of 1,564 points. Amid a mixed trend globally, the market rebounded on strong buying in shares of banking, IT and petroleum companies. The 30-share Sensex closed at 59,537.07, up 1,564.45 points, or 2.70 per cent. At one point during trading, it had climbed up to 1,627.16 points. Similarly, the Nifty of the National Stock Exchange also closed at 17,759.30, up 446.40 points, or 2.58 per cent. This is the biggest jump in the stock market in a single day after May 20. Earlier on Monday, the market had fallen 1.4 percent. Markets fell sharply on indications of an aggressive rate hike by US central bank Federal Reserve chief Jerome Powell.

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