On Friday, the last trading day of the first week of the year 2023, there was a tremendous decline in the stock market. Sensex reached below 60 thousand with a weakness of 452 points. The same condition was also seen in Nifty. Nifty closed the market at 18,798, down 138 points.
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There was an outcry in the stock market on the last day of the week!
1.5 lakh crore of investors drowned yesterday
Earlier on Thursday, on the day of weekly expiry, both the stock market indices Sensex and Nifty closed down. The most disappointing performers in the market were heavyweights such as Bajaj Finance and Bajaj Finserv. On Thursday, the Sensex fell 300 points to close at 60,353. The Sensex had fallen below 60,100 intraday. The Nifty closed below 18,000 at 17,992, down 50 points. Let me tell you, yesterday the market had broken up to 600 points at one point of time. In the midst of this huge upheaval in the market, investors lost about Rs 1.5 lakh crore. Foreign institutional investors (FIIs) sold shares worth Rs 2,620.89 crore on a net basis on Wednesday.
condition of american markets
Wall Street’s main index, the Nasdaq, fell more than 1 percent amid trading in the US on Thursday. On the other hand, the Dow Jones Industrial Average fell 339.69 points, or 1.02 percent, to 32,930.08, the S&P 500 fell 44.87 points, or 1.16 percent, to 3,808.1 and the Nasdaq Composite fell 153.52 points, or 1.47 percent, to 10,305.24.
Asian market
Asia-Pacific markets traded higher despite signs of further rate hikes by the Federal Reserve. A better-than-expected reading of the ADP private payrolls report showed employers added 235,000 jobs in December. In other markets, Kospi of South Korea is trading up by 0.37 percent and Australia’s S&P/ASX 200 by 0.34 percent.
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