Heavy fall in the market


Mumbai- The biggest drop in the market was seen on the last day of the week. The Sensex closed down 425 points, while the Nifty slipped below the level of 11000 with a weakness of 125 points. Bank Nifty also weakened 92 points. Of the 12 Nifty’s 12 shares, 11 stocks have closed down. At the same time, if you talk about the midcap index, it also weakens about 250 points.
On Friday, auto, metal were included in the worst-hit sectors in the market. The drop in realty has seen the decline in all sector index. Midday and small-cap stocks have also been beaten with heavy shares today. The BSE Mid-cap index has closed 1.40 percent down at 14328 level. While the Smallcap Index fell 0.89 percent to close at 13656 levels. Oil and gas stocks have also been hit hard. BSE’s oil and gas index fell by 1.72 per cent.
Shares of Tata Motors have been hit hard. The stock closed with a decline of 17 per cent. Tata Motors DVR has broken more than 14 per cent. JLR has been in the deficit for the third consecutive quarter due to challenges in China. Tata Motors has provided a loss of Rs 27838 crores for JLR.
At the end of the turnover, BSE’s 30-share index Sensex closed at 425.64 points, which is 1.15 percent, at 36546.48. On the other hand, NSE’s 50-share index Nifty closed at 10943.60 with a loss of 125.80 points i.e. 1.14 percent.