Stock Market Update: Selling is being seen in the domestic stock market amid weak global signals. There is a sharp decline in both the Sensex and Nifty indices in today’s trading.
Sensex has broken more than 700 points. Whereas Nifty has come close to 17100. There is a massive sell-off in the market. There is heavy selling in bank, financial, IT and auto stocks.
Auto index on Nifty has weakened more than 2 percent. While the Bank, Financial and IT indices declined 1 per cent to 1.5 per cent. The Sensex is down by 705 points and is trading at the level of 57,393.97.
There is a weakness of 213 points in Nifty and it is trading at the level of 17115. Selling is being seen in 26 shares of Sensex 30.
Global signals are looking weak for the domestic stock market. Heavy selling is being seen in major Asian markets in today’s business.
At the same time, on Friday, there was a fall in the US markets. On Friday, Dow Jones fell 486.27 points or 1.62 percent and closed at 29,590.41.
The S&P 500 index was down 1.72 per cent and closed at 3,693.23. While the Nasdaq Composite fell 1.8 percent and closed at the level of 10,867.93.
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