new Delhi. The beginning of the Indian stock market was weak on Monday as well. Sensex and Nifty opened with loss and reached a big fall in a short time.
Selling and profit-booking dominated the investors on Monday under the pressure of the global market. The Sensex opened with a loss of 281 points and Nifty 84 points. Within a short time, the market started diving and within 5 minutes of the start of business, both the exchanges started showing a big decline. At 9.24 am, the Sensex was trading at 57,371 with a loss of 457 points. Nifty had also lost 143 points to reach 17,133.
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Investors running away from these stocks
Amidst the fall in the market, investors are running away from the shares of companies like Hero MotoCorp, Coal India, HDFC Life, Tata Consumer Products and Wipro. On the other hand, buying of stocks of Dr Reddy’s Labs, NTPC, TCS, Power Grid Corp and IndusInd Bank is increasing continuously.
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Asian market also on red mark
Most of the Asian markets opened with a fall on Monday. On the stock exchange of Singapore, 0.84 percent, Japan 0.99 percent, Hong Kong saw an initial decline of 1.88 percent. Apart from this, the stock markets of South Korea were also trading at a loss of 0.67 percent.
Tags: BSE Sensex, Nifty, Share market
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