Share Market: Sensex fell due to fall in metal, auto stocks, Nifty also opened below 17,450
There is a decline in the stock market today, metal, auto and pharma shares fell.
Mumbai:
Due to the decline in global markets, the domestic stock market is also showing a tremendous decline on Monday, September 20, 2021. Metal, pharma, PSU banking and pharma stocks showed losses in the domestic market today amid the decline in Asian markets. Sensex fell almost 500 points in early trade today. At the same time, Nifty came down from its psychological level of 17,450. In the opening, the Sensex fell 352.16 points, or 0.60%, to open at 58,663.73 and the Nifty opened at 17,458.80, down 126.40 points, or 0.72%.
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At 9.57 in the morning, the Sensex had fallen 207.74 points or 0.35% to reach the level of 58,808.15. At the same time, Nifty was at the level of 17,510.75 during this period. There was a decline of 74.40 points i.e. 0.42%. After the market opened today, 650 shares had gained and 1333 shares had declined.
Asian stocks fell significantly today. The Hong Seng fell 4 percent today. The Straits Times lost 0.35 per cent and the Australian index S&P ASX 200 lost nearly 2 per cent,
Let us tell you that regarding the trading of this week, analysts say that the direction of the stock markets will be decided by the global trend this week. Big macroeconomic data is not to come on the domestic front this week, so investors will be watching the decision of the US central bank Federal Reserve on interest rates and global indicators.
If we talk about the previous session, the BSE Sensex closed with a fall of 125 points on Friday due to profit-booking by investors on the high price of shares. The Sensex had gone up to a high of 59,737 in the early trade. During trading, the Sensex, based on 30 stocks, fluctuated 866 points. In the end, it closed at 59,015.89, down 125.27 points, or 0.21 percent. Nifty slipped 44.35 points, or 0.25 percent, to close at 17,585.15. During trading, it had gone up to the highest level of 17,792.95 points.