The condition of the stock market has once again become similar to the month of March. In March, the stock market was going through a huge decline due to the spread and lockdown of Corona. In the last few days, once again there is a period of tremendous selling in the stock market. During the fourth trading day of the week i.e. Thursday, Sensex dropped by 1100 points to 36,550 points during trading.
Talking about the Nifty, it fell below 350 points to 10,800. At the end of trading, the Sensex fell by 2.96 percent or 1114.82 points to 36,553.60 points. Talking about the Nifty, it fell 326.30 points or 2.93 percent to 10,805.55 points.
Banking, IT, Auto shares all rolled down
During the trading, all the shares of the BSE index were on the red mark. IndusInd Bank shares fell 8 percent in the last hour of trading. The shares of Bajaj Finance, Tech Mahindra, TCS, Mahindra & Mahindra are also included in the top losers. Stocks of Tata Steel, Infosys, Axis Bank, Maruti, Airtel have also declined.
Position after three in the afternoon
Market condition on Wednesday
Despite the signs of strength from global markets, the decline in the stock market on Wednesday fell for the fifth consecutive day due to weak sentiment. The Sensex ended 65.66 points, or 0.17 percent, down at 37,668.42 at the end of trading. Similarly, the Nifty of the National Stock Exchange closed down 21.80 points or 0.20 percent at 11,131.85 points.
Telecom shares fell
Shares of telecom and financial companies were sold, while the strong market intermediary Reliance Industries and HDFC Bank increased the market losses to some extent. Bharti Airtel was the biggest loser among the Sensex stocks. Its stock was down 7.89 percent. The share of Vodafone Idea has also come down by more than one percent. The company’s stock has come down after the announcement of the aggressive postpaid plan of Reliance Jio a day ago.