Mumbai: Due to the sharp sell-off in the International Stock Markets, there has been a huge decline in the Indian Stock Market. On Friday, the last trading day of the week, the BSE major benchmark index (Sensex Live Update) Sensex fell 600 points. At the same time, the NSE 50-share index Nifty (Nifty Live Update) has fallen by more than 150 points. Experts say that due to the sharp sell-off in the technology shares, there was a huge decline in the American stock markets on Thursday. On Thursday, America’s leading benchmark index Dow Jones slipped more than 800 points. It closed down by 2.78 percent. At the same time, the technology index Nasdaq has recorded a big decline of 5 percent. It closed at the level of 11458, falling 598 points. The effect of these signals is also visible in Asian markets. Japan’s leading benchmark index Nikkei is down 1 percent, China’s benchmark index Shanghai is down 1.5 percent, and South Korea’s index Kospi is down 1.50 percent. However, investors should not panic. Because there is every hope that the market can return to buying at lower levels.
Heavy fall in the stock market- BSE’s 30-share Sensex index currently (9:42 AM) has come down to 38,400 with a weakness of about 590 points or 1.5 percent. On the other hand, NSE Nifty, the 50-share major index, has fallen by about 160 points to 11,355.
Investors incurred a loss of Rs 2 lakh crore – Today the stock market opened at 9:15 am sharp. In the first 10 minutes, the valuation (market capitalization) of the listed companies on the BSE fell from Rs 1,56,86,990.06 crore to Rs 1,54,74,987.03 crore.
Why the US market fell – Experts said that since the last week of March, the S&P 500 has recorded a growth of over 55 percent and Nasdaq Composite has risen by 70 percent. During this time, the Dow has also recorded a growth of more than 50 percent. After this decline, the analysts now believe that after such a huge boom, the time has come for market correction.
