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Nifty 50: Chaos in the stock market, what is the condition of big stocks like SBI, Tata Motors and Reliance
Share Market Crash: On Monday, there was a huge decline in the stock markets of the world including Japan, China, and Singapore. India's stock market was also not untouched by this. At one time, Sensex and Nifty fell by more than 3 percent. Stocks of most of the companies included in the Sensex Top-30 and Nifty 50 are trading in the red mark. Only a few companies are getting a rise.
Due to weak signals from global markets like America and Japan, the Indian stock market saw a huge decline on Monday. Sensex opened with a decline of about 2.5 percent in the pre-open session itself. The same was the condition of Nifty as well. After this, both these indices showed huge fluctuations during the entire trading session. At one time, Sensex and Nifty were trading with a decline of more than 3 percent.
Coming to the Sensex top-30, till 2.15 pm, stocks of 28 companies were in red and only two in green. A maximum decline of 6 percent was in the stock of Tata Motors. Adani Port slipped by 5.6 percent. Tata Steel plunged by 4.7 percent. Stocks of SBI, Maruti Suzuki, Reliance Industries, and TCS, too, were trading with a decline of over 3 percent.
At the same time, both the green stocks are from the moving Consumer Goods sector including Hindustan Unilever and Nestle. The shares of HUL, famous for making products like Lifebuoy, Lux, and Clinic Plus were trading with a jump of 1.1 percent. While Nestle, which makes Maggi rose 0.7 percent.
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