Stock Market Update: The Indian stock market had started with weakness in the morning but now the decline in the stock market has deepened. Sensex has slipped below 80 thousand and Nifty has once again fallen to the level of 24 thousand. Along with Nifty, the shares of Bank Nifty are also trading with weakness. Nifty has fallen 289 points or 1.19 per cent from its day’s high and Sensex is trading in the lower range after falling 975 points or 1.22 per cent from its day’s high.
Stock market situation at 11.30 am
At 11.30 am, BSE Sensex has fallen by 767.34 points or 0.96 percent to 79,466 and a level of below 80 thousand is being seen in it. NSE’s Nifty is trading at the level of 24,052 with a decline of 222.05 points or 0.91 percent. At present, all-round red mark is being seen in the stock market and the reason behind this is considered to be the huge decline in the IT sector and the auto sector.
Know the condition of sectoral index
The maximum decline of 2.13 percent is being seen in the Nifty IT index and a weakness of more than one percent is being seen in the Auto index. Apart from this, decline in business is being seen in banks, pharma, FMCG, financial sector, healthcare and consumer durables sectors.
latest update of sensex
Out of 30 Sensex stocks, only 5 are showing rise and these include SBI, Tata Motors, Adani Ports, L&T and Tata Steel. Among the falling stocks, shares of Infosys, Tech Mahindra, M&M, HCL Tech, TCS, PowerGrid, NTPC, Nestle are in decline.
These Nifty stocks took a dive
Shares of Infosys, Tech Mahindra, HCL Tech, M&M and TCS have fallen the most and remain the top losers. Among the five biggest falling stocks of Nifty, IT stocks are showing the impact of decline of more than 2 percent and 966 points.
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