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Monday, March 8, 2021

The stock market crash on the last day of the week, the Sensex plunged 746 points

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The BSE Sensex lost 746.22 points, or 1.50 percent, on the BSE. The 30-share Sensex lost 746.22 points on Friday due to a loss in shares of big companies like Reliance Industries, HDFC Bank, HDFC and ICICI Bank amid weak trend in global markets. Peaked at 48,878.54 points. Similarly, the National Stock Exchange’s Nifty closed at 14,371.90 points, losing 218.45 points or 1.15 percent.

Among the Sensex companies, Axis Bank’s share fell more than four percent. Shares of Asian Paints, SBI, IndusInd Bank, ICICI Bank, Bajaj Finance, HDFC and Reliance Industries also declined. On the other hand, shares of Bajaj Auto, Hindustan Unilever, UltraTech Cement, TCS, Bajaj Finserv and Infosys were profitable.

State of asian market

Other Asian markets included China’s Shanghai Composite, Hong Kong’s Hangseng, South Korea’s Cospi and Japan’s Nikki. European markets were also at a disadvantage in early trade. Foreign institutional investors bought shares worth Rs 1,614.66 crore on Thursday, according to provisional data from the stock markets. Meanwhile, the global benchmark Brent crude was at $ 55.09 a barrel, a loss of 1.80 percent.

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