2024-03-16 05:26:06
New Delhi: A huge decline is being seen in the stock market today. Today, on the last day of the trading week i.e. Friday, there is weakness in the market since morning. After a weak start, at 11:30 am the BSE Sensex is down by about 550 points and is trading at 72,565.56. At the same time, a sharp decline is also being seen in Nifty. Nifty has fallen more than 180 points to the level of 21,964.75. Equity benchmark indices declined in early trade today amid weak global market trends and foreign fund outflows. Among Sensex companies, shares of Mahindra & Mahindra, Infosys, Axis Bank, HCL Technologies, NTPC and Asian Paints are trading in the red. Whereas shares of Bharti Airtel, Power Grid, State Bank of India and IndusInd Bank are in profit.Bumper rise in Bitcoin, prices reached all time high, know what will happen next
The market was stable yesterday
Earlier yesterday i.e. on Thursday, the market was bullish. BSE Sensex had risen 335.39 points. This 30-share index closed at 73097.28 points, up 0.46 percent. At the same time, Nifty of National Stock Exchange (NSE) also strengthened by 148.95 points or 0.68 percent and reached 22146.65 points. Domestic stock markets had recovered some of Wednesday’s heavy losses. On Wednesday, the Sensex fell 906.07 points or 1.23 percent and closed at 72761.89 points. Nifty fell 338 points or 1.51 percent to reach 21,997.70.
Multibagger Stock: This share is no less than a philosopher’s stone, those who invested one lakh got a return of ₹ 32 lakh in a year
Selling pressure is visible
Selling pressure is visible in the stock market today. The market is getting support from realty, PSU bank, metal and consumer durables shares, but the selling pressure from other sectors is very high. However, midcap and smallcap stocks are trying to take over the market. But the market continues to decline. Investors are facing huge losses amid the market decline.