Share Market Crash Today: Today, on the first day of the week, a huge drop can be seen in the domestic stock market. The situation in the global markets is indicating that both the major domestic stock indices BSE Sensex and NSE Nifty can take a big dive as soon as they open at 9:15 am on Monday.
In fact, on the first day of trading of the week, Asian markets are witnessing a huge decline. Especially the Japanese markets have fallen down. According to Indian time, at 7:20 am, Japan’s main index Nikkei was trading with a loss of more than 3 percent. Other indexes have also fallen prey to a big decline.
India VIX rose over 7 per cent
The signs are not looking good on the domestic front either. Before the market opened at 7:20 am, the Nifty futures were scattered in Gift City. The Nifty futures were trading near 24,840 points with a discount of about 86 points. The Nifty VIX index, which indicates volatility, has risen by more than 7 percent, which is not a good sign.
Japan’s markets fell 3 percent
Japan’s Nikkei index has slipped below 35,300 points with a loss of about 1,100 points (more than 3 percent). The Topix index is down by 2.67 percent. Korea’s Kospi is almost flat, while China’s Shanghai Composite is down by 0.58 percent and Hong Kong’s Hang Seng index is down by 1.15 percent.
American market also declined
Before the fall in Asian markets, the US markets closed in losses on Friday. After the release of other economic data including employment in the US on Friday, the fear has increased that the Central Bank Federal Reserve may wait longer to start cutting interest rates. This disappointed the investors. After that, on Wall Street, the Dow Jones Industrial Average fell by more than 1 percent, S&P 500 by about 1.75 percent and Nasdaq by more than 2.5 percent.
The market was in such a loss on Friday
These signs indicate that the Indian market may have a bad start today. Earlier on Friday, the Sensex closed at 81,183.93 points with a huge fall of 1,017.23 points (1.24%). The Nifty50 index lost 292.95 points (1.17%) to close at 24,852.15 points. For the entire week, the Sensex fell by 1,181.84 points i.e. 1.43% and the Nifty fell by 383.75 points i.e. 1.52%.
Also read: Foreign signals put a halt to the record rally, eyes will be on inflation data this week
