Mumbai. The country’s stock market witnessed heavy selling pressure during initial trading on Monday. The Sensex broke over 450 points and the Nifty too was trading down by more than 100 points. The stock market suffered due to the increase in Corona’s case in the country.
The Sensex was trading at 49,624.22, down 405.61 points, or 0.81 per cent, from the previous session at 9.23 am and the Nifty was down by 14 points to 14,748.35 from the previous session.
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The 30-share Sensex Sensex based on the Bombay Stock Exchange (BSE) opened at 50,020.91, down by only 8.92 points from the previous session, and fell to 49,545.93 in early trade, while the Sensex was up 50,028.67.
At the same time, the National Stock Exchange (NSE) 50-share sensitive index Nifty slipped 29.65 points from the previous session to open at 14,837.70 and slipped to 14,736.60 while the Nifty was at an all-time high of 14,849.85 during the opening trade.
After good employment data in the US last week, there was a weakness in the domestic stock market despite indications of a trend in the global market.
Experts say that despite global signs being positive, investors are being cautious due to the deepening havoc of Corona in the country. Hence, the trading trend remained weak at the beginning of the session on the domestic stock market.
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