The stock market closed with the biggest drop of the year. Due to profit-booking, the 30-share BSE Sensex closed today at 48878, a loss of 746 points on Friday. At the same time, the NSE Nifty also dropped 218 points and closed at 14371 level. Sensex excludes Bajaj Auto, Hindustan Lever, TCS, Ultratech and Bajaj Finserv, Bharti Airtel, ONGC, Nestle, Titan, Ultratech, ICICI Bank, State Bank, ITC, Reliance Industries, Axis Bank, HCLTech, Maruti, Mahindra & Mahindra, Infosys Stocks like Powergrid closed red. If you talk about sectoral index, financial services, pharma, realty, media, metal, private banks, Nifty PSU banks closed on the red mark.
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The beginning of the stock market was weak today. The 30-share sensitive index Sensex of the Bombay Stock Exchange opened today at a level of 49,594.95, a slight drop of 29.81 points on Friday. At the same time, trading started on the National Stock Exchange (NSE) Nifty today with a red mark. The Nifty opened at the level today with a drop of points.
The Bombay Stock Exchange’s index Sensex crossed the 50,000-mark for the first time on Thursday in anticipation of a boom and favorable budget in the global market due to the new President Joe Biden taking over power in the US. The Sensex has doubled in just 10 months since the Corona crisis to a low of 25,638 in March. Investors have got 100% return in 10 months.