Stock market crash today: BSE Sensex plunges 700 points as bears attack; Nifty50 near 22,300 – Times of India

by The Technical Blogs


Stock market crash today: BSE Sensex and Nifty50, the Indian benchmark equity indices, opened in red on Monday led by global cues and uncertainties. BSE Sensex plunged 700 points and Nifty50 was near 22,300. At 9:31 AM, BSE Sensex was trading at 73,594.17, down 651 points or 0.88%. Nifty50 was at 22,313.25, down 206 points or 0.92%.
Benchmark indices had a mixed performance last week, closing on a weak note amidst uncertain signals in the geopolitical sphere and high US inflation levels.The market outlook ahead will be influenced by key global and domestic economic data, with tensions between Israel and Iran potentially causing a ripple effect.
According to Jatin Gedia of Sharekhan, the index is retracing its recent rise, with crucial support at 22370 and hurdles at 22620 – 22650.
In the US, stocks fell on Friday amid mixed earnings reports and concerns over escalating Middle East tensions. Asian shares also declined, mirroring the US drop, with markets grappling with geopolitical uncertainties and US Federal Reserve’s rate plans. The dollar stabilized on Monday, supported by Middle East conflicts and high US interest rates.
Oil prices decreased in Asia after Iran’s attack on Israel. Stocks in the F&O ban today include Metropolis, Balrampur Chini Mills, GNFC, Hindustan Copper, Vodafone Idea, Nalco, India Cements, ZEE, and PEL due to crossing the market-wide position limit.
Foreign portfolio investors sold Rs 8,027 crore worth of shares on Friday, while DIIs purchased Rs 6,341 crore. The rupee weakened by 7 paise to 83.38 against the US dollar on Friday.
FIIs reduced their net long position from Rs 51,282 crore to Rs 33,448 crore by Friday. GTPL Hathway, Rajoo Engineers, Atam Valves, among others, will announce their Q4 earnings on Monday.


Source link

Related Posts

Leave a Comment

Recent Posts

Pigeons swarm Las Vegas neighborhood, nesting at church Study finds adult female elk are badass and can’t be... Vacancy: some more elephants needed in the bush THE TECHNICAL BLOGS

Our Policies

Userful Links

Shop Stores

Copyright @2020  All Right Reserved - Designed and Developed by DSF SEO COMPANY