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Stock market : Domestic stock market indices started with heavy losses on Monday. Adverse conditions in international markets with recession fears are impacting our indices.
The Sensex lost 1,502 points to trade at 79,479 at 9:23 am. Nifty lost 466 points to trade at 24,251. The rupee opened at Rs 83.78 against the dollar.
It is noteworthy that Sun Pharma and HUL shares are the only gainers in the Sensex-30 (Sensex) index. Shares of Tata Motors, Maruti, Titan, Tata Steel, SBI, JSW Steel, Adani Ports, L&T, M&M, Reliance, Bajaj Finance, Tech Mahindra, Bharti Airtel, Bajaj Finserv, Axis Bank, TCS and Infosys continue to suffer heavy losses. .
US markets ended last week with heavy losses amid fears of a recession. Today the Asian markets are also following the same path. It is noteworthy that Japan’s Nikkei index lost more than 7 percent. The other major indexes in the region are also in the same situation. The price of a barrel of Brent oil in the international market continues at 77.16 dollars. Foreign institutional investors (FIIs) sold shares worth a net Rs 3,310 crore on Friday. Domestic institutional investors (DIIs) bought shares worth Rs 2,966 crore.
