New Delhi:
Due to the possibility of a recession and global uncertainty in the US, the Indian stock market also saw a decline today i.e. March 11. After heavy selling in the US market (US Stock Market) and after the Asian shares fell, the Indian market also opened. Both Sensex (BSE Sensex) and NIFTY 50 are trading with a decline. In the initial trade, the Sensex broke over 400 points, while the Nifty slipped below 22,300.
Sensex-Nifty declines in early trade
The pre-opening session was seen in the Indian stock market. The Sensex opened at 73,743.88 with a weakness of 350 points, while the Nifty slipped below 22,350. It declined further in Early Trade. At 9:16 am, the Sensex was trading at 73,692.85 at 73,692.85 at 9:16 am and the Nifty was trading at 22,317.65 with a weakness of 142 points.
Bad condition of sectoral index
In early trade, IT, Media and Private Banks (Private Banks) sectors saw the best selling. However, all the sectoral index are trading in red mark except for oil and gas and real estate sector.
Top Louquars and Gainers
Indusind Bank, Infosys, Infosys, Jomato, Tech Mahindra, HCL Tech (HCL Tech), HCL Tech (M & M), Tata Mosts (TATA MOTERS) TCS, PowerGrid, NTPC and Bajaj Finance are included. At the same time, ICICI Bank, Maruti Suzuki, Sun Pharma, ITC, ITC, Adani Ports and Titan were included in Top Gainers.
Nifty midcap and smallcap also slipped
The Nifty Bank is trading at 47,867.05 with a decline of 349.75 points or 0.73%. At the same time, the Nifty Midcap 100 is trading at 47,872.30 with a decline of 567.80 points or 1.17%. The Nifty Smallcap 100 (Nifty Smallcap 100) is trading at 14,946.10 with a decline of 252.05 points or 1.66%.
Out of fear of recession in American market
The US market witnessed a huge decline after the remarks of US President Donald Trump’s recession. In the US stock market, Dow Jones, S&P 500 (S&P 500) and NASDAQ were all closed in red mark, which has increased the concern of Indian investors.
On Monday, Dow Jones closed down 890 points. At the same time, S&P 500 recorded a decline of 2.7% and Nesdech by 4%. This was the biggest one day fall for Nesdech after 2022.
Global market also declines, Asian market impact
Apart from America, Asian Markets also saw weakness. Japan’s Nikkei, Hong Kong’s Hangseng, China’s Shanghai Composite and South Korea’s coopy are all trading in harm. Japan’s trade minister Yoji Muto said that the US has not yet exempted Japan from its new tariff, which has increased pressure on the Japanese market.