The Indian stock market has come down drastically due to the sharp selling in foreign stock markets. On the last trading day of the week, on the opening of the market on Friday, the major benchmark index of the BSE Sensex fell by 600 points.
On the other hand, NSE Nifty, the 50-share major index of NSE, has fallen by more than 150 points. Experts say that due to the sharp sell-off in the technology shares, there was a huge decline in the American stock markets on Thursday. On Thursday, America’s leading benchmark index, the Dow Jones, fell more than 800 points. It closed down by 2.78 percent.
On the other hand, the technology index Nasdaq has recorded a big decline of 5 percent. It closed at the level of 11458, dropping 598 points. The effect of these signals is also visible on Asian markets. Japan’s leading benchmark index is Nikkei down 1 percent, China’s benchmark index Shanghai 1.5 percent and South Korea’s index Kospi down 1.50 percent.
Sensex, the 30-share BSE major index in the Indian stock market, has now fallen to a level of 38,400 after falling 590 points. At the same time, the NSE Nifty, the 50-share major index of the NSE, is trading at a level of 11,355, down by about 160 points.