The downward trend in the domestic stock market is showing no sign of stopping. Even on Wednesday i.e. 4th October, the stock market opened with a decline. As soon as the business started, there was a decline in the domestic market. Sensex has fallen by 450 points. Nifty has also started trading with a loss of 125 points.
Let us tell you that signs of decline were already visible in the market. The market was under pressure in the pre-open session. During this period the Sensex had fallen by 180 points. There was a decline of 0.30 percent in Nifty. At 9.20 am, the Sensex had reached 64,978.97 with a loss of 533.13 points. Talking about Nifty, it fell by more than 153 points and reached below 19,375.
Earlier on Tuesday also the domestic market was in loss. Sensex reached 64,978.97 and Nifty reached 19,375. Let us tell you that there was no business on the first day of the week because Monday was the Gandhi Jayanti holiday. Let us tell you that the period of decline is being seen not only in the domestic stock market but also in the international market. The American market was also in loss on October 3. During this period, there was a decline of 1.87% in Nasdaq and 1.37% in S&P. Apart from this, the condition of Asian market is also similar, the market is not bright.
Among Sensex companies, shares of NTPC, Axis Bank, IndusInd Bank, Maruti, UltraTech Cement, ICICI Bank, Tata Steel and Bajaj Finserv were in loss. Whereas shares of Nestle, Hindustan Unilever, HDFC Bank and Asian Paints were trading in profit. In other Asian markets, South Korea’s Kospi, Japan’s Nikkei and Hong Kong’s Hang Seng were in the red. China’s Shanghai Composite was trading in profit. US markets closed with a decline of more than one percent on Tuesday. Global oil benchmark Brent crude was down 0.10 per cent at $90.83 per barrel. Foreign institutional investors sold shares worth Rs 2,034.14 crore on Tuesday.