Business

Market Share: Fall Continues, Adani Enterprises Shares Drop 8% – Sensex Stock Market Close Plunges 638 Points

Advertisements

Market Share: Fall Continues, Adani Enterprises Shares Drop 8% – Sensex Stock Market Close Plunges 638 Points

The fall of the Indian stock market on the first business day of the week. The market closed lower. The index started falling as soon as the market opened this morning. BSE Sensex fell 638 points to below 57,000. It was 56,788 at market close. At the same time, the Nifty closed 207 points at 16,877. Overall market moves were weak today. Mid Cap and Small Cap stocks closed lower. Because Nifty midcaps fell 1.25% and small caps 0.66%.

Losses at Adani and Maruti ports:

Adani Enterprise (Adani Ports) share price fell. The stock closed down 8.42% at Rs 3,164.75. Shares of Eicher Motors, Adani Ports, Tata Consumer Products and Maruti fell. However, share prices of ONGC, Dr. Reddy’s, Cipla, BPCL and Coal India rose.

The market opens on the decline:

Stock markets also fell on Friday, the last business day of last week. The capital market could not keep pace. The Sensex opened 151 points or 0.26% lower at 57,277. The Nifty opened 46 points or 0.27% lower at 17,049. concerns about economic growth. As a result, Asian stock markets also continued to decline. Indian stock markets rallied on Friday after seven consecutive days of declines.

Fear of recession:

Another reason for Monday’s market slump is rising crude oil prices. Crude oil prices rose more than 4% due to possible production cuts by oil producers. This has raised fears that central banks around the world will raise interest rates to curb rising inflation. This will increase the risk of recession worldwide. However, despite the drop, more than 100 stocks remained on the BSE today, hitting 52-week highs. These include CPL, DFM Foods, KRBL, Lemon Tree Hotel.

#Market #Share #Fall #Continues #Adani #Enterprises #Shares #Drop #Sensex #Stock #Market #Close #Plunges #Points

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button