Stock Market: The biggest intraday fall in the market so far this year, Sensex closed by breaking more than 1700 points

Stock Market: The biggest intraday fall in the market so far this year, Sensex closed by breaking more than 1700 points

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New Delhi. Monday has proved to be Black Monday for the Indian stock market. The stock market collapsed due to heavy selling by investors. The Sensex closed below 56,500 and the Nifty closed below 17,000. The market continued to decline throughout the day on the first trading day of the week. Especially just before the close of the market, the fall intensified and the Sensex closed at 56405.84 points after a fall of 1747.08 today.

On the other hand, the Nifty index of the National Stock Exchange closed at 16,843 points down by 531 points.

The market was open only with the fall
Due to the fall in the global market and other reasons, selling dominated the market since morning. The Sensex opened at 56955.06 with a fall of 1,197.86 points, while the Nifty fell 348 points to 17,026. Big stocks like SBI, ITC, ICICI Bank are facing huge losses. There was a fall in all the sectors on NSE and BSE in the morning.

Also read: Relief on inflation front, WPI reduced to 12.96% in January, know what is WPI and how you will get relief

There was a sharp fall in these stocks
On Monday, there was a sharp fall in the shares of oil marketing companies. HPCL’s stock fell 4 percent. BPCL’s stock fell more than 2 percent. Shares of Indian Oil Corporation fell 4.55 percent. In fact, for the last 75 days, these companies have not increased the prices of petrol and diesel.

29 out of 30 stocks closed on the red mark
Heavy decline was seen in all sectors. There was also a sharp decline in mid cap small cap. Of the 30 stocks of Sensex, 29 in red mark and only one share closed in green mark. The biggest gainer was the only TCS, which closed at Rs 3726 with a gain of 0.84 per cent, while the biggest loser was HDFC, which closed 5,49 per cent lower at Rs 2293.

Tags: stock market, stock market today

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