There is no sign of a decline in local stock markets. The market opened in red mark once again on Monday (24 February) amid weak signals received from global markets. On Monday, the major benchmark index Nifty and Sensex were affected by weak global signals and FIIs.
Effect of tariff’s risk on stock market
By 9.30 am, the Sensex opened 562 points to 74,748 points. While the Nifty -167.75 points opened at 22,628.15 points. However, shortly after, the 30 -share Sensex of Bombay Stock Exchange fell more than 700 points in the initial season. While the National Stock Exchange’s Nifty was seen trading down 217 points. Meanwhile, in early trade, 29 out of 30 shares of fall out in BSE Largecap opened and the biggest decline was seen in Jomato shares. Once again, US President Donald Trump’s threat to put tariffs has seen the impact on the stock market.
What are the signs coming from the global market?
Taking advantage of the weakness in the US stock market on Friday, there is a mixed trend in the Asian markets on Monday. Australia’s S&P/ASX 200 was doing a stable turnover after opening with a decline of 0.81 percent. South Korea’s cospy fell 0.1 percent after 0.84 percent declined and Hong Kong’s Hangseng below 0.7 percent. However, Japan’s Nikkei index was closed due to public holiday.
All three major US stock market index on Friday closed down due to increase in investors’ concerns about the economy due to new data. Dow Jones Industrial Average declined by 1.69 percent, S&P 500 1.7 percent and Nasdaq Composite declined by 2.2 percent.
These 10 shares were shocked as soon as it opened
Jomato shares (2.06%), HCL Tech shares (1.93%), HDFC Bank shares (1.38%), TCS shares (1.34%) and Infosys shares (1.10%) amidst an initial decline in the stock market on Monday, HDFC Bank shares (1.38%) The shares of big cap companies were trading at the lower level. On the other hand, in the midcap category shares (4.14%) of the presences (4.14%), IREDA shares (3.25%), Suzlon’s shares (3.06%) and RVNL shares (2.79%) were trading at a low. Apart from this, the maximum decline in smallcap category was seen in the shares of Rajesh Export, which fell 7 percent as soon as it opened.
