Market fell, Sensex fell 750 points, Nifty also below 17,500, know what next Market fell, Sensex fell 750 points, Nifty also below 17,500, know what next

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Sensex - India TV Paisa
Photo:FILE

Sensex

Highlights

  • Investor stay with good company shares, invest for a while now
  • Market experts believe that in view of the decision of the US Fed, the market may go down further.
  • Big decline in big stocks like Wipro, Bajaj Finserv and Infosys

Mumbai. The stock market continues to fall heavily. On Monday, the first day of the week, the Sensex broke down further with the opening of the fall. By 12 o’clock, the Sensex was trading below 58,000, down 1030 points and the Nifty was down more than 315 points at 17,296. The Sensex has lost over 3000 points in the last four trading days. Nifty has also declined by about 1200 points. In such a situation, once again there has been an atmosphere of fear in the market. Market experts believe that in view of the decision of the US Fed, the market may go down further.

Market not crash but in correction mode, further decline is possible

Stock market expert Harsh Rungta told India TV that the statement of the US Fed in which it has talked about increasing the interest rate, its effect is visible on the Indian market including the world. If the Fed raises interest rates, there will be a lack of liquidity in the market. Due to this, the market may fall further. Yes, it is not a crash at all but a correction. In such a situation, investors should stay with the shares of a good company. Invest for a while now.

Selling in IT stocks

Large stocks such as Wipro, Bajaj Finserv and Infosys saw major losses in selling amid a largely negative trend in global markets. This has resulted in a major fall in the market. According to traders, the continuous outflow of foreign funds also put pressure on the domestic stock markets. Apart from this, Tech Mahindra, Wipro, Bajaj Finserv, Infosys, HCL Tech and Bajaj Finance were also among the major losers. On the other hand, PowerGrid, Maruti, ICICI Bank, Reliance Industries and Bharti Airtel saw gains. in the last session

Global market fall

In Asian markets, there was a decline in Hong Kong, Seoul and Tokyo markets, while Shanghai saw a rise. Meanwhile, international oil benchmark Brent crude rose 0.92 per cent to $88.70 per barrel. Foreign institutional investors (FIIs) sold shares worth Rs 3,148.58 crore on a gross basis on Friday, according to provisional data from the stock market.

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