All the stocks listed in the BSE Sensex were trading at the red mark. Shares of Bajaj Finance were the biggest losers. The stock fell 5.57 per cent to close at Rs 6,517. All stocks including Tata Steel (-5.14%), SBIN (-5.06%), HDFC (-3.72%), Maruti (-2.15%) were trading lower.
The new variant of the Corona, the Omicron Variant, is terrifying around the world. The effect of Omicron was also seen on the stock market today. The first day of the week saw a big drop in the market. As soon as the market opened, selling pressure was seen and the market started trading at the red mark. In addition, investors lost Rs 10 lakh crore. The market opened lower on Monday, the first trading day of the week. The Nifty has fallen below 16,700. At the opening of the market, the Sensex was seen trading below 56000 with a fall of 1000 points. Cipla, Asian Paints, TCS and Powergrid Corp are the top gainers in the Nifty, while Tata Motors, IndusInd Bank, BPCL, Bajaj Finserv and SBI are the top losers.
Nifty and Sensex fall:
The 30-share barometer Sensex traded lower by 1778 points at 55,256 points in the afternoon trade. All the stocks listed in the Sensex were trading in the red. The wide-based National Stock Exchange index Nifty (NIFTY 50) also traded down 526 points at 16,459.
All the stocks listed in the BSE Sensex were trading at the red mark. Shares of Bajaj Finance were the biggest losers. The stock fell 5.57 per cent to close at Rs 6,517. All stocks including Tata Steel (-5.14%), SBIN (-5.06%), HDFC (-3.72%), Maruti (-2.15%) were trading lower.
Omicron and the impact of the global market:
According to market experts, the proliferation of omicron variants around the world has created an atmosphere of concern. Due to this, the market also saw a decline last week. In addition, the situation in the international market is said to be the cause of the decline in the Indian stock market.
What do experts predict?
The stock market has been falling for the last few days. The fall has cost investors billions and created an atmosphere of anxiety. However, experts say there is no reason to worry. This type of market correction is always happening and experts believe that there is a good opportunity for long term investment in such market correction or fall.
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