The stock market lost early gains, Sensex fell 1000 points, Nifty at one-year low

New Delhi: After four days of decline, the domestic stock market opened sharply today, but they fell sharply as the day progressed. The BSE Sensex had reached 53,142 points in early trade but then fell by more than 1000 points. In this way it came down 1700 points from the day’s high. At 2.30 pm, the Sensex was trading at 51,568.60, down 972.79 points, or 1.85%. It had fallen over 1000 points during trading. Similarly, the Nifty of the National Stock Exchange (NSE) also declined by about 300 points. This is its lowest level since July 2021.

Broader markets also saw a sharp decline. The BSE Midcap and Smallcap indices declined nearly two per cent. In the Sensex, except ICICI Bank, all other shares were trading with a fall. Talking about individual stocks
GE Power India was up two per cent. Its subsidiary, GE Energy Financial Services, has bought a 49 per cent stake in Continuum Green Energy’s Morjar onshore wind project. Mahindra Lifespaces also gained 2 per cent.

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early morning start
Earlier, due to the rise in large stocks like Reliance Industries amid strong global trend, major stock markets saw gains during early trading on Thursday. Earlier, there was a decline in the stock market for four days. The Sensex was trading 601.11 points higher at 53,142.50. On the other hand, the broader NSE Nifty climbed 171 points to 15,863.15. Reliance Industries, Maruti, ICICI Bank, ITC, HDFC and State Bank of India were among the top gainers in the Sensex. On the other hand, Power Grid, Bharti Airtel and Nestle declined.

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Among other Asian markets, markets in Tokyo, Seoul and Shanghai were in the green. Hong Kong markets were trading with minor losses. Meanwhile, international oil standard Brent crude rose 0.68 per cent to $119.32 a barrel. Foreign institutional investors sold shares worth a net Rs 3,531.15 crore on Wednesday, according to provisional stock market data.