A tremendous decline is being seen in the Indian stock market today. The direct impact of SEBI’s new rules and the conflict in the Middle East has been seen on the market today. Investors are seen selling heavily. The Bombay Stock Exchange index Sensex has opened today at 83,002.09, down 1264 points. At the same time, the National Stock Exchange index Nifty was seen trading at 25,530 in early trade with a fall of 1.03 percent or 266 points. In early trade, out of 50 Nifty stocks, 44 stocks were seen trading in the red and 6 stocks in the green. At the same time, out of 30 Sensex stocks, 3 stocks were seen trading in the green and 27 stocks in the red. However, this decline gradually reduced and at 9:40 am, the Sensex was seen trading at 83,717, down 0.65 percent or 550 points.
Condition of Nifty shares
Talking about the stocks of the Nifty pack, the biggest decline in the early trade was seen in Eicher Motors by 3.12%, Bajaj Auto by 2.61%, Tata Motors by 2.56%, BPCL by 2.55% and Mahindra & Mahindra by 2.37%. Apart from this, JSW Steel rose by 1.91%, ONGC by 1.47%, Hindalco by 0.66%, Trent Limited by 0.07% and Sun Pharma by 0.04%.
Realty and auto shares fell.
Talking about sectoral indices, the biggest decline was seen in Nifty Realty by 1.60 percent, Nifty Auto by 1.53 percent, Nifty FMCG by 1.13 percent, and Nifty Midsmall Healthcare by 1.04 percent. Apart from this, Nifty Bank fell by 0.97 percent, Nifty Financial Services by 1.03 percent, Nifty IT by 0.66 percent, Nifty Media by 0.45 percent, Nifty Pharma by 0.34 percent, Nifty PSU Bank by 0.87 percent, Nifty Consumer Durables by 0.83 percent, Nifty Healthcare Index by 0.56 percent and Nifty Oil & Gas by 0.69 percent. In this way, all the sectoral indices were seen trading in the red in early trade.