Stock Market Closed: The stock market closed on the red mark, Sensex fell 364 points, Nifty took a dive of 109 points

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On Monday, the first day of the week, the stock market started with a strong fall and on the day both the indices traded on the red mark. At the end of trading, the Bombay Stock Exchange's 30-share Sensex slipped 364 points or 0.67 per cent to end at 54,471, while the National Stock Exchange's Nifty index lost 109 points or 0.67 per cent to close at 16,302.

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Earlier, the Indian stock market opened with a fall on the first trading day of the week amid weak global cues. Sensex was down 612 points or 1.12 per cent at 54,223 level, while Nifty slipped 174 points or 1.06 to open at 16,237 level. A few minutes after the start of trading in the market, the Sensex fell to the day's lowest level of 845 points and reached below 54 thousand. Earlier on Friday, the Sensex closed down 866.65 points at 54,835.58, while the Nifty closed at 16,411.25, down 272.40 points.

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It is worth noting that after the announcement of increasing the repo rates by 0.40 per cent by RBI last week, the decline did not stop. In the week ended May 6, the Indian stock markets closed with a fall of four per cent. The BSE Sensex lost 2,225 points or 3.89 per cent to end at 54,835, while the Nifty slipped 691 points or 4.04 per cent to close at 16,411. This decline has increased even more on the first day of the week.