Market Updates: Outrage in the market, Sensex breaks 1400 points, Nifty slips more than 430 points


Stock Market Updates: The condition of the Indian stock market is moving towards a crisp look today and both the Sensex-Nifty are showing a fall of two and a half percent. The main reason behind this is global, under which news came today that a new variant of coronavirus has appeared in South Africa and this has created panic in the global markets. For this reason, except the pharma sector in the domestic market, no sector is in the green of the boom.

Such was the condition in the market at 10.34 am
All-round red mark was seen in the market at 10.30 o’clock i.e. only one and a half hours after the start of trading. Both the major indices of the market, Sensex and Nifty are trading with a fall of two and a half percent. The BSE 30-share index Sensex was trading at 57,529, down 1265.23 points, or 2.15 per cent. On the other hand, NSE’s 50-share index Nifty was trading at the level of 17158.30, down by 377.95 points or 2.16 percent.

This situation created due to all-round panic in the market
While there is panic due to the decline of all Asian markets, there is a ruckus in the Indian markets as well. The new variant of Corona found in South Africa has given this shock to the market. It is being said in the global markets that this new variant of Corona can be more dangerous or infection-spreading than the Delta variant.

Bank Nifty falls by over 1000 points
Bank Nifty is also working to pull the market down and has slipped 1003.65 points. After a fall of 2.69 percent, it is trading at 36361. If you look at the advance-decline ratio of Nifty i.e. rise and fall, then only 3 stocks of Nifty are showing an increase and all the remaining 47 stocks are trading on the red mark of decline.

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