Stock Market / The stock market fell after record high Sensex opened by breaking 826 points

Vikrant Shekhawat : Sep 01, 2022, 09:34 AM
Stock Market: The domestic stock market opened with a heavy fall on Thursday amidst the trend of global market and the signs of recession. Earlier, after a record high in the trading session, the stock market saw a big fall today. At the start of the trading session, the 30-point Sensex opened at 58,710.53 with a fall of 826.54 points. The 50-point Nifty also saw a big decline and it fell 274 points to open at the level of 17,485.70.

Nifty's top gainers and top losers

At the beginning of trading, except the shares of Bharti Airtel and SunForma, all the remaining 27 shares of the Sensex were seen trading with red marks. Most of the fall was seen in the stock of Infosys. The top gainers of Nifty were BHARTI AIRTEL, INDUSIND BANK, ULTRATECH CEMENT, BAJAJ AUTO and COALI NDIA. At the same time, HINDALCO, INFOSYS, ONGC, SBI LIFE and TCS were among the top losers.

Market falling due to recession

On the other hand, the declining trend is visible in the global market. US markets fell for the fourth consecutive day. In the last two days, the Dow Jones has come down by about 600 points, while the Nasdaq has broken 1.5 percent. Due to the rising level of inflation and the sound of recession, the global market is going through a period of decline. Japan's bond yield is running at a record high. European markets have fallen 1 percent.

Record rise in stock market on Tuesday

Earlier on Tuesday, the stock market closed with a strong boom. The 30-share Sensex closed with a gain of 1,564 points at the end of the trading session. This is the biggest single-day gain in the Sensex in more than three months. The 30-share Sensex closed at 59,537.07, up 1,564.45 points. Similarly, the Nifty of the National Stock Exchange climbed 446.40 points to close at 17,759.30.