new Delhi. The Indian stock market started trading on Monday with a strong fall, contrary to all estimates. The Sensex fell by more than 1,000 points and then reached below 55 thousand.
Due to the war between Russia-Ukraine War, investor confidence was shaken again on Monday and they started selling. The Sensex opened with a loss of 530 points at 55,329, while the Nifty opened with a loss of 177 points at 16,481.
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Doubled fall within 10 minutes
Trading started in the market, not even 10 minutes passed and the selling went on increasing. At 9.31 in the morning, the Sensex fell twice from the opening session and started trading at 54,840 with a loss of 1,018 points. Similarly, Nifty also fell by 290 points to reach 16,368.
Investors are not betting here
Except metal, all other sectors are showing a decline on BSE. Auto, Bank, FMCG, IT, Realty, Pharma and PSU Bank sectors were showing a decline of more than 1 per cent. Futures Group stocks are seeing a rise of 6 to 15 percent.
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On the other hand, Asian markets opened on the edge
Trading on most of the stock exchanges of Asian markets has started with an increase on Monday. Singapore’s exchange is seeing a gain of 0.36 percent and Japan’s Nikkei 0.40 percent. Apart from this, trading is being done with a gain of 0.33 percent in Taiwan’s market and 0.40 percent on the South Korean exchange. Indian investors see a big impact of Asian markets.
Tags: Sensex, Share market
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