Stock Market: Chaos in America... so the market crashed, these stocks scattered like pack of cards
Stock Market Crash: There has been a big fall in the stock market once again (Stock Market Crash). The effect of the chaos in the US stock markets on the last trading day has also been seen on the Indian market. Both the Sensex-Nifty indexes crashed as soon as they opened. On the one hand, the Bombay Stock Exchange's Sensex of 30 shares plunged by 800 points in a short while after opening in the red zone, while the National Stock Exchange's Nifty also started trading by slipping by 250 points. Earlier, on Wednesday, the Sensex-Nifty closed with gain on the last trading day.
Sensex-Nifty crashed as soon as they opened
The stock market trading started with a big fall and the BSE index Sensex opened at 81,323.05, slipping from its previous close of 81,596.63 and then suddenly slipped 810 points to 80,786 within a few minutes. Like the Sensex, the NSE Nifty also opened at 24,733.95, down from its previous close of 24,813.45 and within a few minutes of trading, it slipped 250 points to trade at 24,541.
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These 10 shares crashed
Amidst this big fall in the market, Tech Mahindra Share (2.50%), PowerGrid Share (2.14%), HCL Tech Share (2%) and Infosys Share, among large-cap companies, were also trading down by about 2 percent. While among midcap companies, Oil India Share (4%), Ashok Leyland Share (2.50%), Dixon Share (2.40%), Uno Minda Share (2.38%) and Emami Ltd Share (2%) were trading with a slip.
Among smallcap companies, the steepest fall came in Paras Cables Share, which slipped 10 percent as soon as it opened.
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Signs of decline were received from here
This big fall in the stock market has actually come after the big fall seen in the US stock market on Wednesday. There is concern in the US Markets about the rise in US bond yield and President Donald Trump's tax cut bill. Due to this, the Dow Jones Industrial Average closed down by 817 points i.e. 1.9%, while the S&P 500 slipped by 1.6% and the Nasdaq by 1.4%. Its effect was also seen on the Asian markets on Thursday and the GIFT Nifty index slipped by more than 150 points.
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