Stock market: Sensex drops by 440 points, Nifty below 15 thousand


Today, the domestic market was also under pressure due to the fall in the global stock markets. The stock market closed on the red mark on Friday, the last trading day of the week. The Bombay Stock Exchange's leading index Sensex closed down 440.76 points, or 0.87 percent, at 50405.32. The National Stock Exchange's Nifty closed at 14938.10, down 142.65 points, or 0.95 percent.

Heavy selling in global markets

The Nikkei index is trading down 1.52 percent at 28,489 due to rising US bond yields. Japan's currency yen has hit an eight-month low. Hong Kong's Hang Seng Index is down 341 points to trade at 28,895. Kospi of Korea, Shanghai Composite of China, and Australia All Ordinaries Index are also down by one percent each. The Nasdaq index was down 2.11 percent at 12,723 points.

Such was the situation of veteran shares

Talking about the big stocks, ONGC, GAIL, Maruti, Hero MotoCorp, and Kotak Mahindra Bank closed on the green mark today. The shares of Tata Motors, Wipro, IndusInd Bank, UPL, and Hindalco closed at the red mark.

Sectoral index tracking

If we look at the sectoral index, then all the sectors closed on the red mark today. These include Media, Realty, PSU Bank, Finance Services, FMCG, IT, Bank, Pharma, Auto, Private Bank, and Metal.

The market was open with a downward trend

In early trade, the Sensex was down 400.18 points (0.79 percent) to open at 50445.90. At the same time, the Nifty opened at 14972.50, down 108.30 points, or 0.72 percent.

The market was closed on Thursday on a heavy downpour

The stock market closed with a heavy fall on Thursday. The Sensex was down 598.57 points, or 1.16 percent, to close at the level of 50846.08. At the same time, the Nifty was down 164.85 points, or 1.08 percent, at the level of 15080.75.