stock market crash
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Expansion
On Friday, blue-chip indices Sensex and Nifty 50 opened with losses for the fifth consecutive session due to weak global cues. During this period, Reliance Industries, banking and financial stocks saw the biggest decline. As of 9:32 am, BSE Sensex was down 410 points or 0.5% at 82,086, while Nifty was trading at 25,094, down 50,140 points or 0.56%.
Among the Sensex stocks, Reliance Industries, ICICI Bank, Bajaj Finance, HDFC Bank, L&T and Asian Paints were most responsible for bringing down the index. On the other hand, TCS, HCL Tech, IndusInd Bank, Tata Motors and Tech Mahindra started with gains.
Investors globally were seen exercising caution due to the fear of increasing tension in West Asia. Selling by foreign investors in domestic equity shares continues. Earlier this week, Iran attacked Israel with a ballistic missile, increasing the possibility of tension between the two countries reaching a new level. In view of this, there is a danger of increase in crude oil prices at the global level. It is believed that in this situation of apprehension, investors are avoiding new purchases, and those who have invested are selling.
Investors globally were seen exercising caution due to the fear of increasing tension in West Asia. Selling by foreign investors in domestic equity shares continues. Earlier this week, Iran attacked Israel with a ballistic missile, increasing the possibility of tension between the two countries reaching a new level. In view of this, there is a danger of increase in crude oil prices at the global level.
Sector wise, Nifty Realty fell by 3.5% in early trade. Shares of Phoenix Mills, Lodha, Prestige and DLF declined during this period. Nifty Auto, Media, Metal, PSU Bank, Consumer Durables and Oil & Gas sectors also opened with a decline of one to two percent. Shares of DMart fell 4.4% in early trade. The fall comes after brokerage firms gave a mixed reaction to the supermarket chain’s results for the second quarter of fiscal year 2025.