Witnessed heavy selling in the market today. Due to weak signals and FII investment selling the domestic market dropped to a low of 3 weeks. Sensex and Nifty closed with a decline of 1 percent.
The decline in world markets, fears of global recession, China's bond market vigorousness, FIIs selling in the domestic market and the huge boom's profit in the domestic market are considered for downfall of the market.
In the afternoon session after the sharp fall in Asian markets put pressure on the Indian market. Meanwhile, after the sharp decline in the open European market has broken a key psychological level in the domestic market.
In Asian markets, the Shanghai Composite fell 5.5 percent, the Hang Seng is down about 2.5 percent. Nikkei, Taiwan and Kospi Index has weakened 0.5 percent. Meanwhile, European markets, Britain's FTSE 100 index dropped 1.15 percent. The French CAC 40 index fell 1.25 percent, while Germany's Diaac index has weakened 1 percent.
Nifty today broke the psychological level of 8350, the Sensex dipped below 28000. Midcap and smallcap stocks, with heavyweight stocks posted today is fiercely. BSE Midcap and Smallcap index closed by decline 1.5 percent.
The BSE 30-share index Sensex finally 322.4 points, ie decline 1.15 percent and closed at 27797 level. While the NSE 50-share index Nifty 97.5 points i.e fall 1.15 percent and closed at 8341 level.
0 comments:
Post a Comment