Stock Market: Sensex fell again today by 600 points
Stock Market: There has been a big fall in the Indian stock market once again. For the last several days, a support was seen above 22800 in Nifty. Now this support has also broken. So far this week, the market has tested the level of 22,800 several times. Till now, strong support was being seen for Nifty at the level of 22,800. Today, Nifty has seen a fall of more than 160 points and Sensex has seen a fall of more than 600 points.
Meanwhile after falling more than 130 points, while Sensex is trading below 75400 after falling 483 points. Out of the top 30 stocks of BSE, only 8 stocks are trading on the rise.
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While 22 stocks are on the decline. The biggest decline has been in the stock of Mahindra & Mahindra by about 6 percent.
Why did the stock market fall so much today?
FIIs selling: Foreign institutional investors (FIIs) sold shares worth Rs 3,311.55 crore on Thursday. According to exchange data, the total outflow of FIIs so far this year has reached Rs 98,229 crore.
Trump's tariff threat: Investors' sentiment has been affected after US President Donald Trump reiterated his stance of imposing reciprocal tax on all imports. Due to which heavy pressure is being seen in auto and pharma stocks.
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Trend in Chinese market: Fresh buying is being seen in Chinese stock markets. The Hang Seng Index rose more than 3% on Friday. Investors are finding valuations in Chinese stocks more attractive.
Rise in crude oil prices: Crude oil prices are rising for the third consecutive day. This has increased concerns for Indian markets. Brent crude futures rose on Thursday amid fears of supply disruption in Russia.
Big fall in seen in these stocks
Big fall is being seen in auto stocks today. The biggest fall has been in Mahindra & Mahindra's stock of 6%. After this, TVS Motors' stock has fallen by 4%. Biocon's stock has fallen by 4%, CENT's stock has fallen by more than 6%.
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