The stock market fell on its face, Sensex fell 1545 points in a single day


Mumbai. Today the first trading day of the week was very bad for the Indian stock market. Today was the biggest drop in a span of two months. Bad global results should be responsible for today’s poor results. Uncertainty about the level of rate hike by the US Federal Reserve has engulfed markets around the world and traders are awaiting the outcome of the FOMC (Federal Open Market Committee) meeting scheduled for January 26. Due to the settlement of derivative deals for the month of January, there will be caution among traders. Till then the market will probably continue to falter.

Today, at the time of closing bell of Monday, January 24, the BSE (Bombay Stock Exchange) Sensex had fallen 1545.67 points to a level of 57,491.51. On the other hand, the index of 50 top companies of NSE (National Stock Exchange) Nifty fell by 468.05 points and Nifty closed at 17,149.10. Today Nifty fell 2.66% against the Sensex’s fall of 2.62% and was in more loss.

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Let us know that today the stock market started with a slight loss. On the one hand, the Sensex fell 13.21 points to open at 59,023.97. Nifty had opened today’s opening at 17,575.15 with a loss of 42 points, spoiling slightly more than the Sensex. Today may have started with a slight loss, but after that the selling process that started in the market did not stop, and eventually the market fell on its face. In today’s trade, the highest and lowest level of the Sensex stood at 59,02397 (which was also the opening level) and 56,984.01 respectively. On the other hand, Nifty had today’s highest and lowest levels at 17,599.40 and 16,997.85.

Today all sectoral indices closed in the red with a fall of 2-6 per cent along with auto, metal, IT, power, pharma, realty, FMCG, capital goods. BSE Midcap and Smallcap indices fell 4-4 per cent each.

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Today around 450 shares have risen, 2938 shares have declined and 100 shares have remained unchanged. Top 5 losers in today’s day are JSW Steel, Bajaj Finance, Tata Steel, Grasim Industries and Hindalco Industries. At the same time, today the top gainers are Cipla and ONGC.

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