Big fall in the stock market again… Sensex plunged by 700 points, Reliance-HDFC scattered

New Delhi: On the first trading day of the week, the trend of decline continued in the Indian stock market and both the indexes Sensex-Nifty opened badly. On one hand, the 30-share Sensex of Bombay Stock Exchange plunged by more than 700 points within just two minutes after opening in the red zone, while the National Stock Exchange’s Nifty also opened with a big fall compared to its previous close. Meanwhile, in the early trading itself, the country’s largest company Mukesh Ambani Reliance Industries’ shares were trading with a fall of 1.50%, HDFC Bank Share 1.60% and Tata Steel Share 1.52%.

Indices crashed as soon as they opened
The stock market got off to a bad start on Monday. The BSE Sensex index opened at 81,214.42, slipping from its previous close of 81,451.01, and within a few minutes the decline intensified and the Sensex fell by more than 700 points to trade at 80,688.77. Talking about the NSE Nifty index, it also crashed as soon as it opened, just like the Sensex. Nifty started trading at 24,669.70, breaking its previous close of 24,750.70, and within a short time fell to the level of 24,539.30.

Shares of big companies scattered
During the trading that started with a fall in the market, the shares of big Indian companies were seen scattered as soon as they opened and shares from Reliance to HDFC Bank fell. At the time of writing the news, the share of the country’s largest company Reliance led by Mukesh Ambani slipped by 1.50%, while HDFC Bank Share (1.60%), Tata Steel Share (1.52%), Tech Mahindra Share (1.80%), HCL Tech Share (1.77%), Titan Share (1.40%), Maruti Share (1.30%) and Infosys Share (1.27%) were trading with a decline. Apart from this, Tata Motors Share (1.20%) and LT Share (1.21%) were trading with a decline.

The market closed in the red zone on Friday
Due to the fluctuations seen in the market last week, the 30-share Sensex of Bombay Stock Exchange fell by 270.07 points or 0.33 percent. On the last trading day on Friday, the Sensex slipped 182.02 points and closed at 81,451.01, while the National Stock Exchange’s Nifty index closed in the red zone with a huge decline. Nifty opened at 24,812.60, slipping from its previous closing level of 24,833.60 and at the close of the share market, it closed at 24,750.70, down 288.65 points or 1.15%.