- Market worries about record inflation and recession
- Sensex loses 1500 points at the start of the transaction
Stock markets around the world are facing strong selling these days. Due to record inflation and recession fears, there was a selloff in the US market on Friday. Winds of investors were found everywhere on Wall Street. Its effect is also visible in the Indian market today. Today, BSE Sensex lost up to 1500 points in the opening trade itself.
The US stock market has fallen so much
The S&P 500 (S&P 500) fell 2.91% after a sell-off in Friday’s trading. The technology-focused Nasdaq Composite Index fell 3.52%. Similarly, the Dow Jones Industrial Average fell 2.73%. The S&P 500 has fallen more than 18% so far this year. The Nasdaq has fallen more than 28% since January. In fact, last week the latest inflation data for the United States was released, which shows that it has reached a new high and is the highest in almost four decades.
The Indian market has fallen so much
The effect of the huge decline in US markets is also visible in Indian stock markets. The Sensex (BSE Sensex) fell over 1500 points in the opening trade itself and fell below 53,000 points. During trading, the Sensex fell to a low of 52,791 points. NSE Nifty is also down more than 400 points. Shares of Sensex’s 30 companies are trading in the red mark. Not a single sector of BSE is profitable today.
Stock market crash: as soon as the market opened, there was a ruckus among investors… LIC down more than 3%
Huge drop in these big stocks
At sector level, Realty, Bankex and Finance are the most under pressure. These three sectors are losing more than 3-3 percent on BSE. Among the Sensex companies, Bajaj Finserv fell the most at 4.74%. ICICI Bank, Bajaj Finance, L&T, Indusind Bank, SBI, Kotak Bank, Tech Mahindra, TCS, big stocks like HDFC, Infosys and Reliance Industries (RIL) fell 3-4% in early trading.
These 5 stocks in the biggest loss
In today’s early trading on NSE, the share of retail company Nandani Creation Limited is the biggest loser. That’s in a loss of more than 16 percent in early trade. After that there is the RBL Bank number, which is down as much as 15%. The action of V2 Retail recorded a loss of more than 10%. Shares of Poddar Housing and Pearl Polymers Ltd fell 9.50%.
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