Share Market Opening 4 September: Wednesday is expected to be a bad day for the domestic stock market. Both the major indices Sensex and Nifty have started with a huge decline. In today’s trading, a huge sell-off is being seen in IT and tech stocks since morning.
At 9:15 am, the Sensex opened with a loss of more than 700 points. Nifty also started with a loss of about 200 points. The market made a slight recovery in a few minutes of trading. At 9:22 am, the Sensex had fallen by about 550 points and was trading slightly above 82 thousand points. At the same time, the NSE’s Nifty 50 index was near 25,110 points with a loss of about 170 points.
It was estimated in the pre-open session itself
In the pre-open session itself, the market was showing signs of huge losses today. In the pre-open session, the Sensex had fallen by more than 700 points and had come below 82 thousand points, while the Nifty had slipped by about 190 points and had come below 25,090 points. Nifty futures were also scattered in Gift City in the morning before the market opened. Nifty futures had come near 25,185 points with a discount of about 160 points.
After setting a new record, the market remained flat yesterday
On Tuesday, the domestic market closed almost flat after trading in a limited range. In yesterday’s trading, the Sensex closed with a marginal loss of 4.41 points (0.0053 percent) at 82,555.44 points. After the end of trading, the Nifty closed at 25,279.85 points with a marginal gain of 1.15 points (0.0046 percent). Earlier, on the first day of the week, the market had reached a new peak. The Sensex touched a new all-time high of 82,725.28 points and the Nifty touched a new all-time high of 25,333.65 points.
Global stock markets in the grip of huge decline
The US market was closed on Monday on the occasion of Labor Day. After that, when the business opened on Tuesday, there was a huge sell-off in Wall Street. The Dow Jones Industrial Average suffered a huge loss of 1.51 percent. The S&P 500 index fell by 2.12 percent and the tech-focused index Nasdaq fell by 3.26 percent. The largest semiconductor stock Nvidia suffered a loss of about 10 percent.
The effect of the fall in the US market is also visible on the Asian market today and there is a sharp sell-off since morning. Japan’s Nikkei is trading with a huge fall of more than 4 percent. The Topix index has fallen by 2.74 percent. South Korea’s Kospi is in a huge loss of 2.61 percent and Kosdaq is in a huge loss of 2.94 percent. Hong Kong’s Hang Seng index is also showing signs of a bad start today.
Almost all big stocks are in loss
In early trade, most of the shares on Sensex were in loss. Only 3 shares Asian Paints, Sun Pharma and Bajaj Finserv were trading in the green zone. IT shares like Tech Mahindra, Infosys, HCL Tech and TCS were down by 1.25%. JSW Steel was down the most by about 2%. Shares like L&T, Tata Steel, NTPC, Bharti Airtel, Mahindra & Mahindra, Titan, Axis Bank, SBI were down by more than 1% each.
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