New Delhi: Today, the Sensex dropped roughly 1,300 points. Currently, the Sensex is trading at $57,472. On Friday, the Nifty is trading at roughly 17,130 points. As a result of today's drop, investors have lost Rs 5.59 lakh crore in the stock market. Both Kotak Bank and HDFC have seen a 2% drop in their stock prices. After Reliance's transaction with Aramco was terminated today, RIL's stock is in the spotlight.
In the meantime, Asian stocks have dropped the most in two months this week. Safe-haven assets, such as Treasuries and the yen, have, on the other hand, gained strength. This is owing to fears about future growth, which have arisen as a result of the emergence of new virus strains and high-interest rates in the United States. Nearly 972 stocks have risen in value as of 10 a.m. 1830 shares dropped in value, while 93 stayed steady. Tarsons Products, a large biosciences business, had its stock market debut on Friday. Its stock is listed on the National Stock Exchange (NSE) Index Nifty at a 3% premium, at Rs 682 a share. Its initial public offering (IPO) price is Rs 662 per share. Tarsons Products, on the other hand, was trading at Rs 708 a share on the Bombay Stock Exchange's (BSE) Index Sensex.
According to stock market experts, Indian markets are responding to a new corona variant found the day before in South Africa. The reason for this is the tense environment that exists in various European unions. Fearful traders are selling high-risk assets like stocks, resulting in increased FII equity outflows.
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