Share Market Crash / The market collapsed like a pack of cards, yet Adani was showered with money

In early June, the stock market collapsed like a house of cards. The Sensex fell by 750 points and the Nifty by more than 200 points. The banking and auto sectors saw a big decline. Despite this, Adani Port was the top gainer, the stock rose 1.34% to Rs 1,452.

Share Market Crash: Just like a castle of cards gets shattered by a sudden strong wind, a similar scene was seen in the Indian stock market today. On the first day of June, investors were hoping that the market would remain stable, especially amid the possibility of a big decision on RBI's monetary policy this week. But the market surprised everyone by starting with a huge decline.

Sensex's fall - crash in a few minutes

The BSE Sensex took a nervous walk as soon as the market opened in the morning. In just 4 minutes of the market opening, the Sensex fell by more than 650 points and in 6 minutes this decline reached above 750 points. While the Sensex closed at 81,451.01 points on Friday, today after opening at 81,214.42, it fell to 80,654.26.

Nifty also remained disappointing

The condition of NSE Nifty 50 was also no different from this. While the Nifty closed at 24,750.70 on Friday, today it opened at 24,669.70 with a fall of about 80 points and slipped to a low of 24,526.15 within minutes. Overall, the Nifty indicated to investors that the coming week could be full of ups and downs.

Money shower on Adani

If anyone gave relief to investors amid this turmoil in the market, it was the Adani Group. Adani Port and SEZ, included in the BSE Sensex, made its place as the top gainer. In early trade, this stock rose more than 1 percent to Rs 1,449.45. On the NSE too, this stock was seen trading at Rs 1,452 with a strength of 1.34 percent.

Banking and auto sectors saw the most weakness

The banking sector suffered the most in this falling market. The uneasiness of investors was clearly seen in banking shares. On the other hand, stocks of auto sector, especially two-wheeler companies, were included in the list of top losers. Overall, the mood of the stock market was very delicate and nervous today.

What next?

Investors are cautious before the announcement of RBI's monetary policy, but today's fall has shown that the market movement depends not only on expectations but also on sentiments and global signals. At present, investors can only be advised not to take any decision in haste and make a strategy only after understanding the direction of the market.