Sensex Opening Bell: Selling dominates in Indian market, Sensex down by 500 points, Nifty below 17800..

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On Friday, once again weakness is seen in the Indian market. During this, the Sensex has fallen by five hundred points. At present, the Sensex is trading at 59,592.19, down 341.60 points from yesterday's level.

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On the other hand, the Nifty is trading at 17,779.70, slipping 97.70 points. Earlier on Thursday, in the US market, the Dow Jones closed down 173 points and Nasdaq by 167 points. FedEx has withdrawn this year's guidance, which is believed to have shocked the market.

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Earlier on Thursday, there was a sell-off in the shares of IT and pharmaceutical companies in the Indian market. On Thursday, the Sensex closed at 59,934.01, down 412.96 points or 0.68 percent. At the same time, Nifty also closed at 17,877.40, down 126.35 points, or 0.7 percent.