Free Intraday Tips expert says The stock market suffered a major setback on Monday due to the poor performance of BJP in the elections of 5 important states of the country. Between the start of the heavy selling of the Sensex, nearly 500 points were weakened and the fall in the late fall increased. At the moment, the Sensex is trading 629 points and trading at 35,067. On the other hand, the Nifty weakened 192 points and is trading close to 10500.
RIL’s biggest fall of 4%
Heavyweight Reliance Industries (RIL) is seeing a 4 percent drop in the market. In the other top losers, Indiabulls Housing Finance is trading 4.20%, Ultratech Cement is 3.80%, Adani Ports 3.24%, Power Grid is trading 3.15% with weakness.
Declines in all Bluechip Stocks
According To Free Intraday Expert says In addition to RIL, almost all the bluechip stocks are getting a fall. Nifty 50 ITC, Mahindra & Mahindra, Sun Pharma, L & T, ICICI Bank, HDFC, Bharti Airtel, HUL, Adani Port are trading in red marker.
Nifty fall in all sectoral indices
The fall in the stock market is so strong that the weakness in all sectoral indices of the Nifty is being seen. Nifty Realty has lost more than 2%. Meanwhile, the mid-caps, the smallcap index, is also more than one percent decline.
59 paise weak, the open rupee
The rupee weakened 59 paise to open at 71.40 per dollar on Monday as the dollar strengthened against some overseas taxis. Forex traders said that the increase in dollar demand from importers has increased the pressure on the rupee.