new Delhi. Selling dominated the Indian stock market since Friday morning under the pressure of global factors and Russia-Ukraine War. Sensex and Nifty opened with a big fall due to the selling of investors.
In the opening session itself, the market went below 700 points. The Sensex started trading at 54,653.59 with a loss of 449 points in the morning, while the Nifty opened at 16,339.45 with a loss of 159 points. Even after this, the selling dominated and at 9.32 in the morning, the Sensex had lost 868 points to reach 54,234.
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The market collapsed in the pre-opening itself
The market declined in the pre-opening session itself amid weak global cues. Around 09:01 pm, the Sensex was trading at a level of 54,435.99, down 666.69 points, or 1.21 per cent. At the same time, Nifty had fallen 282.10 points or 1.71 percent to the level of 16215.90.
Investors are placing bets here
Base metals continue to rise due to the Russo-Ukraine war. Aluminum remains at an all-time high. Due to the fall in the market, all the sectors except the metal index were showing weakness. Banking and auto stocks have fallen the most, while metal shares are seen on a jump of up to 2 percent.
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Big fall in Asian markets too
All the major markets of Asia have started trading with a big fall on Friday. Singapore’s SGX Nifty is trading 2.33 percent and Japan’s NIKKEI is trading with a loss of 2.55 percent. Similarly, there is a big decline of 0.88 percent on Taiwan’s stock exchange and 1.41 percent on South Korea’s Kospi.
Tags: Sensex, Share market
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