new Delhi. Selling dominated the Indian stock market for the third consecutive day on Friday. As soon as the business started, the investors started booking profits. Under the pressure of the global market, the Sensex opened on a decline of more than 400 points.
The fall in the US and Asian markets had a great impact on the sentiments of Indian investors. In the opening session, the BSE Sensex fell 403 points or 0.70 percent to open at the level of 57,488. NSE’s Nifty slipped 68 points to open at the level of 17,236. However, there was a slight improvement later and at 9.24 am, the Sensex was trading at a loss of 75 points and the Nifty 19 points.
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Where are the eyes of investors
Investors are focusing on metal and power stocks in today’s market. The biggest decline in the market is visible in stocks like Wipro, Tech Mahindra, Cipla, Nestle and HDFC Bank. On the other hand, investor sentiment is positive regarding Coal India, NTPC, UPL, Tata Steel and IOC stocks.
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The condition of the global market
The growing tension between Russia and Ukraine is showing the biggest impact on the US stock market. On Wall Street, Dow Jones broke down 622.24 on Thursday and closed at the level of 34,312.03. Similarly, the S&P 500 also closed at 4,380.26 with a loss of 94.75 points. There was also a big fall of 407.38 points on the major stock exchange Nasdaq Composite. European markets including France, Germany also closed on the decline on Thursday.
Tags: Sensex, Share market
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