The stock market opened on a negative note: The Bombay Stock Exchange’s index Sensex began trading on Thursday with a massive drop of 1850 points. However, it improved after a while.
And with a loss of 1510 points, it is currently trading at the level of 55,720. At the same time, it has dropped 1805 points to 55,426.
The conflict between Russia and Ukraine shook the Indian stock market on Thursday. On Thursday, the Bombay Stock Exchange index Sensex began trading with a massive drop of 1850 points.
However, after some time, it began to improve, and the index fell by 1430 points to 55,802. However, for the time being, the decline has accelerated, with the Sensex dropping 1805 points to 55,426. During a few minutes of trading, investors lost Rs. 8 lakh crore.
The effect of war, on the other hand, is visible on the Nifty of the National Stock Exchange, which opened at a low of 16,648 after a massive drop of 414 points. Since the market opened, approximately 270 shares have increased, 1853 shares have decreased, and 79 shares have remained unchanged.
While all 30 Sensex stocks remained in the red, the Nifty’s biggest losers were UPL, Tata Motors, IndusInd Bank, Tata Steel, and ICICI Bank. Nestle was the only gainer, with only marginal gains.
Tech Mahindra, TCS, Wipro, HCL Tech, HDFC, SBI, Mahindra & Mahindra, Bajaj Finserv, HDFC Bank, Infosys, Axis Bank, Bajaj Finance, Maruti, Dr. Reddy’s, Hindustan Unilever, and ITC all fell by up to 3%. I’ve arrived.
Shares of PowerGrid, Reliance Industries, Asian Paints, Kotak Bank, Titan, Nestle, Sun Pharma, and NTPVC, on the other hand, fell 1%.
The stock market opened on the green mark on Wednesday, but it was unable to sustain the initial rally and closed on the red mark. The 30-share Sensex fell 68 points to 57,232, while the Nifty fell 29 points to 17,063.