Stock Market Updates : On Friday, July 9, there is a significant decline in the domestic stock markets. The benchmark index made a slight recovery in early trade, but still the markets are running in the red mark. On Friday, Asian markets have come down to a two-month low, the effect of which is visible in the domestic markets. The concern of the Delta Plus variant is visible on the market.
The BSE Sensex had come down to the level of 52,375.10 at 10.10 am. There was a decline of 193.84 points or 0.37% in the index, while Nifty was trading at the level of 15,676.90 during this period. The index had taken a fall of 51.00 points or 0.32%. Let us tell you that the Sensex fell 331.17 points to 52,237.77 in early trade, Nifty fell 92.10 points to 15,635.80.
Shares on MSCI fell 0.9% to 667.99, their lowest level since mid-May. In this week itself, the index has fallen by 3.2 percent, which is the highest since February. Apart from this, Japan’s Nikkei fell by 2 percent. Chinese stocks have fallen significantly.
There was tremendous selling in nine sectors of Nifty. Private-banking stocks were down more than 1 per cent. Bank, Auto, Financial, Media, PSU Bank and Realty indices were also moving in the red mark. The biggest one percent fall in the Sensex was in Axis Bank. Apart from this, IndusInd Bank, TCS, HDFC, ICICI Bank, Reliance Industries and Bajaj Auto were also trading in the red mark. On the other hand, Tata Steel, Bajaj Finserv, Dr Reddy’s, Sun Pharma and Titan were leading.
Meanwhile, international oil benchmark Brent crude fell 0.04 percent to $74.09 a barrel.
In the previous session, the Sensex closed 485.82 points or 0.92 per cent lower at 52,568.94, while the Nifty fell 151.75 points or 0.96 per cent to end at 15,727.90.