Indian market opens in red zone, Sensex breaks by more than 100 points

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After two days of boom, pressure has been seen in the Indian stock market. Sensex has broken more than 100 points as soon as it opens. It opened at 61,824.75 with a fall of 157.04 points. While the Nifty opened at 18,304.25 with a fall of 44.65 points. There is a possibility of a decline in today’s business in the domestic market.

The effect of the fall in the global markets is also being seen on the local stock market on Wednesday. Under pressure from external factors, both the major domestic indices BSE Sensex and NSE Nifty opened the trade on a poor note. Because of this, after 3 consecutive days of rapid growth, there has been a break in the initial trade.

The market saw a decline in the pre-open itself.

Even before the start of today’s trading in the Indian stock market, signs of decline were visible. In Singapore, NSE Nifty futures SGX Nifty was trading down 0.45 per cent in the morning, suggesting that the local market could have a poor start today. Both Sensex and Nifty declined in the Pro open session. Before the start of the session, the Sensex was down nearly 150 points while the Nifty was down over 50 points.

On the other hand, there is a decline in today’s business in the global markets. US stock markets declined on Tuesday. The Dow Jones Industrial Average was down 0.69 percent, while the S&P 500 was down 1.12 percent, while the tech-focused Nasdaq Composite Index was down 1.26 percent. In today’s business, a similar trend is being seen in the Asian markets as well. Japan’s Nikkei lost 0.46 percent. China’s Shanghai Composite lost more than 1.50 percent, while Hong Kong’s Hang Seng lost about 1.25 percent. Kospi of South Korea is also trading with a decline of 0.20 per cent.