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- Stock Market Fell by 400 Points AMID Profit Booking and India Pak Conflict
Mumbai14 minutes ago
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On Thursday (May 8), the Sensex fell 412 points to close at 80,335.
The stock market declines today on the last trading day of the week i.e. Friday, May 9. The Sensex is trading at a level of around 900 points (1.14%) to 79,400. The Nifty also has a decline of 300 points (1.25%). It is at 24,000.
The Sensex declines 25 out of 30 shares. 12 shares including Power Grid, Tata Steel, ICICI Bank have fallen to 2%. Whereas, Titan, Larsen & Toubro and Tata Motors shares have a rise of up to 4%.
45 out of 50 shares of Nifty are declining. Realty sector 1.98%, financial services 1.21%, oil & gas 1.00%, private banks 0.99%, media 0.97%, IT 0.89%and metal are trading by 0.82%. There is a slight rise between government banks and consumer durables.
Global market boom
- In Asian markets, Japan’s Nikkei is trading at 37,403 levels with a gain of 474 points (1.28%). Korea’s Cospei falls by 0.20%, it is at 2,574.
- Hong Kong has a slight rise in the Hangseng index, it is at 22,777. At the same time, there is a slight decline in the Shanghai composite of China, it is trading at 3,343.38.
- On May 8, the US Dow Jones climbed 254 points (0.62%) to 41,368, Nasdaq Composite climbed 190 points (1.07%) to 17,928 and the S&P 500 index closed up 0.58%.
Foreign investors remained confident in market
Foreign investors (FIIs) are going on in the Indian market. Yesterday i.e. May 8, foreign investors bought shares worth Rs 2,007.96 crore. While domestic investors sold shares worth Rs 596.25 crore during this period.
Net purchases of foreign investors in April stood at Rs 2,735.02 crore. Domestic investors also purchased a net of Rs 28,228.45 crore in a month.
The stock market fell 412 points yesterday
The Sensex fell 412 points to close at 80,335 on Thursday (May 8), the fourth trading day of the week. The Nifty also closed at 24,274 below 141 points.
The Sensex closed down 26 out of 30 shares. Jomato shares have fallen 3.97%. Shares of Mahindra, Bajaj Finance, Maruti and Tata Steel closed down by 3.5%. At the same time, HCL, Axis Bank, Kotak Bank and Titan closed up.
45 of the 50 shares of Nifty declined. Realty 2.47%, metal 2.09%, healthcare 1.95%, auto 1.90%, pharma 1.62%and government banking index fell 1.35%in NSE sectoral indices. There was a slight rise in IT and media.
Market fell after reports of drone attack on Pakistan
The market was flat in early trade. The Sensex-Nifty was trading with a slight decline. But after reports of India’s drone attack on many big cities of Pakistan, there was a sudden decline in the last half an hour of the market.
Pakistani market broken 6.58% yesterday
Pakistan’s stock market has declined by more than 6% on May 8, after the Aermarks carried out by India in response to the Pahalgam attack. The Karachi-100 index fell 7,241 points or 6.58% to close at 102,767. Trading had to be stopped during the day due to decline. However, it was later turned on again.
There was a decline of 3,556 points (3.13%) in the market yesterday. That is, the Pakistan market has fallen about 10,000 points in two days. At the same time, KSE 100 has fallen by 13% since the Pahalgam terror attack on 22 April.
