Share Market Dip: The domestic stock market also saw a fall on Monday morning due to weak signals from Asian markets. The Sensex, which started trading with a red mark, went down by more than 1000 points in a few minutes. On the other hand, Nifty went below the level of 17200. During this period, there was a sell-off in King, Financial Services, IT and Realty shares.
Infosys shares down
In Monday’s trading session, the stock of Infosys, the country’s second largest software company, saw a huge fall of up to 9 percent. However, later this stock recovered a bit. On Monday, a huge decline of 48000 thousand crores was seen in the market cap of the company and it came down to 6,92,281 crores.
Brent crude reaches $113
Investors lost more than Rs 3 lakh crore in a few minutes due to the fall in the stock market on the first trading day of the week. Due to the rise in the price of crude oil, there was a declining trend in the market. Brent crude climbed to $113 a barrel. At the same time, WTI crude is trading at around $ 108. The ‘earnings’ figures of Mindtree, ACC, HCL Technologies, Nestle and Hindustan Zinc will be released this week.
stock market opened after four days
Let us tell you that the major stock markets of the country are open on Monday morning after long holidays. The stock market is open after 4 days on Monday due to Ambedkar Jayanti, Good Friday and Saturday-Sunday holiday. Earlier, the stock market last week, the 30-share Sensex of BSE lost 1,108.25 points, while the Nifty closed down by 308.70 points.