New Delhi: On Friday, the last day of this business week, the stock market once again opened on the red mark. The 30-share index Sensex of the Bombay Stock Exchange (BSE) lost 550 points to open at 58,914, while the Nifty index of the National Stock Exchange (NSE) lost 158 points to open at 17,599. This fall increased soon after the market opened and the Sensex broke up to 700 points.
Let us tell you that this week there is pressure on the market from day one. In the last four days, the Sensex has fallen by 2500 points.
The biggest weakness on Nifty is being seen in Bank and IT index. The bank index is down about 1.15 percent. At the same time, about 2 percent weakness is also being seen in the IT index. Financial and realty indices also fell 1 per cent. On the other hand, auto, firm metal and FMCG shares are also selling. Weakness is being seen in large cap stocks.
Significantly, the markets around the world are in a downtrend due to the fear of economic growth in the US being lower than expected and the Federal Reserve raising the interest rate. Wall Street was down more than 1 percent on Thursday. Asian markets are also under pressure on Friday. Japan’s Nikkei is down 1.66 per cent.
first published:Jan. 21, 2022, 11:20 a.m.