Stock Market Crash LIVE: Manic Monday on Dalal Street! Nifty slides to 24,100, Sensex plunges below 79,000; Bank Nifty tumbles 1,200 points
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Markets opened Monday’s trading session on a negative note on global sell-off.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian benchmark indices Sensex and Nifty opened lower on Monday due to weak global cues. At 10:55 a.m., the Sensex tumbled 1,976.21 points, or 2.44%, to 79,005.20, while the Nifty fell 587.85 points, or 2.38%, to 24,129.85.
Japanese stocks confirmed a bear market on Monday as the Asia-Pacific region continued to experience a sell-off from the previous week. The Nikkei 225 and Topix indices led the losses, both plunging over 8%.
Major trading houses, including Mitsubishi, Mitsui & Co, Sumitomo, and Marubeni, saw their shares drop around 10%. Both the Nikkei and Topix indices have now fallen more than 20% from their all-time highs reached on July 11.
Analysts predict increased market volatility in India driven by factors including the unwinding of the yen carry trade, geopolitical tensions, and concerns over a slowdown in developed economies. Additionally, recent weak US job data and low inflation have sparked expectations for a Federal Reserve rate cut in September.
Despite these global pressures, analysts expect Indian markets to consolidate as earnings align with high valuations. Key factors influencing market movements this week include the RBI’s interest rate decision, macroeconomic data, and global trends.
Foreign Portfolio Investors (FPIs) started in August with caution, selling Rs 1,027 crore in equities following significant inflows in July. The Japanese Nikkei’s decline amid economic concerns underscores the global context affecting Indian markets.
The Indian stock market faced a turbulent start to the week as global sell-offs weighed heavily on the Sensex and Nifty. As the trading day began, both indices plunged significantly due to unfavourable global cues. By mid-morning, the Sensex had dropped by 1,976.21 points, marking a 2.44% decline to stand at 79,005.20. Simultaneously, the Nifty fell by 587.85 points, a 2.38% decrease, reaching 24,129.85.
Across the Asia-Pacific region, the sentiment was equally bleak, with Japanese stocks officially entering a bear market. The Nikkei 225 and Topix indices saw sharp declines, both falling over 8%. This downturn was led by major trading houses such as Mitsubishi, Mitsui & Co, Sumitomo, and Marubeni, each witnessing a roughly 10% drop in their shares. The significant declines pushed both indices more than 20% below their peak levels recorded on 11 July.
In India, analysts are bracing for heightened market volatility. Contributing factors include the unwinding of the yen carry trade, geopolitical tensions, and apprehensions about a slowdown in major economies. Furthermore, recent weak employment data from the US, coupled with low inflation, have fuelled speculations about a possible Federal Reserve rate cut in September.
Despite these global challenges, there is an expectation that the Indian markets will find some stability as earnings reports align with high valuations. This week, market participants will be closely monitoring the Reserve Bank of India’s (RBI) interest rate decision, as well as other macroeconomic indicators and global trends.
Foreign Portfolio Investors (FPIs) have adopted a cautious stance as August begins, withdrawing Rs 1,027 crore from equities. This follows a period of significant inflows in July. The sharp decline in Japan’s Nikkei, driven by economic concerns, further highlights the global factors currently impacting the Indian markets.
The Indian stock markets are navigating a stormy phase, driven by both global and domestic factors. Investors and analysts will be watching closely as the week progresses, particularly with key decisions from the RBI on the horizon. Stay informed and consider consulting with financial experts to navigate these volatile times.
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