Mumbai: The ongoing sell-off in the stock market for the past few days is not taking the name of stopping. After the Federal Reserve's hint, the market opened on Thursday. As soon as the trading session began, the Sensex dropped nearly 1000 points. The pre-open session itself was showing signs that the market could see a steep fall.
As soon as the session began, the Sensex at the Bombay Stock Exchange (BSE) fell 996.23 points, to below the 57,000-mark. At the same time, the Nifty at the National Stock Exchange (NSE) also fell more than 1.5 per cent to close to 17,000 on similar lines. Market pundits have predicted a huge turmoil in the market in the day's trade today. Let us know that earlier, after 5 consecutive days of decline, the market had seen some relief on Tuesday.
On Tuesday too, a fall of over 1000 points was recorded in early trade. However, the market was able to make a comeback later. At the close of trade in the previous session, the Sensex had closed 366.64 points (0.64 per cent) higher at 57,858.15. The NSE Nifty had gained 118.30 points (0.69 per cent) to 17,267.40. The market was closed on Wednesday due to the Republic Day holiday.