Share Market Open Today: Earlier on Thursday, the domestic market had created a new history and both the major indexes Sensex-Nifty were successful in reaching new historical highs…
Share Market Opening 2 August: After creating a new history a day ago, today on Friday, the domestic market registered a huge decline as soon as it opened. The clear effect of the decline in global markets is visible on the domestic market today. As soon as the BSE Sensex opened, it went down by more than 700 points, while Nifty started trading with a loss of about 200 points.
Pre-signals of a big fall in the market
Before the market opened, Nifty futures were trading at a huge discount in Gift City. Nifty futures had fallen by about 215 points and had come close to 24,820 points. In the pre-open session, the market was indicating a huge fall. The BSE Sensex was near 81,160 points in the pre-open session with a loss of more than 700 points. Nifty had fallen more than 220 points to below 24,790 points.
New history made a day earlier
Earlier on Thursday, on the first day of the new month, the domestic market had made a new record. In yesterday’s trading, the Sensex managed to cross the 82 thousand point mark for the first time and reached a new all-time high level of 82,129.49 points. After the end of trading, the Sensex was at 81,867.55 points with a gain of 126.20 points (0.15 per cent).
On the other hand, Nifty crossed the 25 thousand point mark for the first time in history on Thursday and reached a new all-time high of 25,078.30 points. After the end of trading, the NSE Nifty50 index closed at 25,010.90 points with a gain of 59.75 points (0.24%).
Break on the rise of American market
On Thursday, the American markets were in the red. On Wall Street, the Dow Jones Industrial Average was down by 1.21%. Similarly, the S&P500 fell by 1.37% and the Nasdaq Composite Index fell by 2.30%. Asian markets are also trading in losses today. Japan’s Nikkei has fallen by almost 5%, while the Topix is trading at a loss of more than 5%. South Korea’s Kospi is down by 2.60% and Kosdaq is down by 2.56%. Hong Kong’s Hang Seng is also showing signs of starting with losses.
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