Open market with rise, Sensex crosses 50 thousand, Nifty also above 14700

Mumbai. After heavy selling on the previous day, the domestic market has started on the green mark on Tuesday. On Tuesday, the Sensex opened at 9:15 am on the Bombay Stock Exchange at 49,975.77. After this, 0.53 percent of it was observed. Today, shortly after the commencement of business, the Sensex once again managed to touch the figure of 50,000. The Nifty 50 has also been seen trading above 14,760 with a gain of 0.58 per cent. Midcap and Smallcap indices are also trading on the green mark in the second trading session of the week. However, the CNX Midcap index is still trading at the red mark. Today, investors will be looking at the shares of Reliance Industries and Bharti Airtel.

Talking of sectoral index in early trade on Tuesday, mixed business is seen in it today. Today, auto, capital goods, consumer durables, FMCG, pharma, IT, metal, oil and gas, PSUs and tech sectors are doing business. There is a decline in banking stocks today.

Today, Tata Motors, Reliance, Hindalco, Bajaj Finance, SBI and Axis Bank are seeing good business. However, there is a decline in the stock of Asian Paints. Apart from this, there is also a downward trend in UPL, Kotak Mahindra Bank.

In the last 5 trading sessions, 5 lakh crores of investors have sunk. The bull run in the stock markets since the presentation of the general budget for FY 2021-22 was somewhat consolidated last week, but on Friday the market closed down by about 1%. But today, both Sensex and Nifty have seen a tremendous decline. Today, the Sensex lost 2.25% ie 1145.44 points to close at 49,744.32 points. At the same time, the Nifty closed at 14,675.70 points, down 2.04% i.e. 306.05 points.Top 5 biggest declines in March 2020

Since the year 2015, only 18 such occasions have come when the Sensex has fallen by more than 1000 points in single day. The biggest drop in the Sensex in single day came on March 23, 2020 when the Sensex broke 3934.72 points due to Corona virus epidemic. Earlier on March 12, 2020, the Sensex had lost 2919.26 points. At the same time, the Sensex was recorded 2713.41 points on 16 March 2020, 1941.67 points on 9 March 2020 and 1709.58 points on 18 March 2020. The Sensex had broken 2002.27 points on 04 May 2020.

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Foreign institutional investors (FIIs) sold shares worth Rs 893.25 crore after the market fell on Monday. Whereas, domestic institutional investors (DII) have sold shares worth Rs 919.88 crore. The provisional figures of the equity market for the 22 February on the National Stock Exchange provide information about this.

State of asian markets
Due to the increase in US Treasury Yields and rising inflation, large tech companies are selling. This is why Asian markets are also seen trading on the red mark on Tuesday. However, Nikkei 225 and Hangseng index have been trading at green mark with slight increase. The Taiwan Index, Shanghai Composite and Kospi are trading at the red mark.

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US market also declines
Talking about the American market, they have closed with a fall on Monday. Concerns about the rise in treasury yields and inflation have increased. This has affected the stocks of companies in which there was a big boom. The Dow Jones Industrial Average closed up 0.09 percent. Whereas, the S&P 500 index closed down 0.77 per cent and the Nasdaq Composite lost 2.46 per cent.

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