New Delhi: The stock market saw a huge fall on Friday. At the end of trading, the Sensex (Sensex) fell 1932.30 points, or 3.08 percent, to close at 49,099.99 level. At the same time, the Nifty has lost 568.20 points, or 3.76 percent, to close at the level of 14,529.15.
It is noteworthy that this is the biggest decline in the stock market in the year 2021. In one day, such a big decline was seen on May 4 last year. Regarding the sharp fall in the market, experts say that the increase in bond yields in the US has led to a sharp sell-off in the global markets.
Amid heavy downpour, the Sensex fell 2148.83 to touch the lowest level of the day at 48,890.48. Due to the pressure of strong selling, the market saw the biggest drop of this year during Friday’s business.
Tension between American and Iran also spoiled the sentiment
In addition to rising bond yields, rising tensions between the US and Iran also supported the decline.
The global stock market falls drastically
Due to heavy selling in the US market, there is a decline in the stock market worldwide. The Nasdaq index lost 478 points to close at 13,119, while the Dow Jones closed down 559 points. At the same time, Japan’s Nikkei index closed down 1,174 points, or 3.9 percent, at 28,993. Hong Kong’s Hang Seng Index also closed 1,076 points, or 3.6 percent, down at 28,997.
