The downtrend in the stock market continues even today. BSE’s 30-stock key sensitive index Sensex opened with a fall of 379 points at 52122, while the Nifty of the National Stock Exchange also started the day’s trading today with a red mark. The effect of the US stock markets closed on the red mark on Wednesday is also being seen on the domestic stock market today i.e. on Thursday. On Wednesday, the Dowjon lost 265 points to 34033, the S&P lost 23 points at 4223 and the Nasdaq was down 47 points at 13983.
Wednesday’s condition: Sussex, Nifty closed below record high
Domestic stock markets fell on Wednesday and both the major indices – BSE Sensex and NSE Nifty – closed below record highs. The fall was attributed to heavy selling in Reliance Industries and HDFC and HDFC Bank amid cautious investor sentiment ahead of the results of the US Federal Reserve’s monetary review meeting. The 30-share BSE Sensex closed at 52,501.98, down 271.07 points, or 0.51 per cent. On Tuesday, it had closed at a record level of 52,773.05. The NSE Nifty also closed at 15,767.55, down 101.70 points, or 0.64 per cent. Powergrid was the biggest loser in the Sensex shares, with a fall of about 2 percent.