Last Updated on 05/08/2024 by wccexam Desk
There was a big fall in the stock market on the last day of last week, Friday, and the shares of many big companies were scattered like a pack of cards. When the US stock market was shaken by the sound of recession in America, its direct effect was also seen on the Indian market. Now the first business day of the week, Monday, is also looking like a ‘Black Monday’. While the Sensex and Nifty have crashed in the pre-open, the Sensex-Nifty crashed as soon as the market opened.
Sensex collapsed as soon as it opened today
With the opening of the share market on Monday, the 30-share Sensex index of the Bombay Stock Exchange opened at 79,700.77 with a fall of 1200 points, falling badly compared to its previous close, while the Nifty-50 of the National Stock Exchange also started trading with a fall of 424 points. Earlier on Friday, a tsunami-like scene was seen in the Indian stock market. The BSE Sensex closed at 80,981.95 points, falling 885.60 points or 1.08%. While talking about Nifty50, it closed at 24,717.70 level, falling 293.20 points.
In the pre-opening itself, there were indications about the trend of the stock market. In fact, in the pre-open, the Sensex fell by more than 3000 points, while the Nifty saw a huge fall of 700 points.
- Ampox is once again raising concerns, WHO has declared it a public health emergency for the second time in two years
- LIVE: Angry crowd entered the hospital after doing RG in Kolkata, protesters vandalized it
- Genocide case filed against Sheikh Hasina in International Criminal Tribunal, interim government will conduct investigation under UN supervision
- Mahindra Thar Roxx: Mahindra’s blast! 5 door Thar Roxx launched at a very low price, features are amazing
- Jharkhand: Lightning struck the ground during a match in Simdega, 3 hockey players died
So much money was lost on Friday
Amidst the fall in the stock market last Friday, investors suffered a loss of 4.56 lakh crores. Due to the huge fall in the Sensex, the market cap of BSE fell by 4.56 lakh crores to 457.06 lakh crores on Friday. In such a situation, it can be said that the valuation of investors under BSE fell by 4.56 lakh crores on Friday.
After all, what happened in America?
In fact, there has been a big drop in the manufacturing PMI data in America, which is indicating that there may be a recession in America. Along with this, there has been a record increase in the number of unemployed, which has directly affected the American market. At the same time, the announcement of layoffs in the IT sector has also deepened the crisis, due to which the global IT sector is also under heavy pressure.
(Note- Before making any kind of investment in the stock market, please take advice from your market experts.)
Source (PTI) (NDTV) (HINDUSTANTIMES)