Sensex Today | Stock Market LIVE Updates: Nifty Auto index down 1,200 points; Uno Minda down over 7%
Stock Market LIVE Updates: The markets, on expected lines, are trading in a sea of red. The Nifty index is down over 600 points, falling below the 24,000 level. The Nifty Bank is down a mammoth 2000 points. IndiGo, Shriram Fin and SBI are the biggest losers today.
The Nifty has fallen a colossal 10% from its record high mark of 26,373, thereby entering a technical correction. Nifty 50 is not alone; the Nifty Bank has fallen into the technical correction territory.
Crude oil prices have crossed $100 per barrel in the global markets, the US Dollar is strengthening, and futures on Wall Street have sold off sharply this morning. The first level on the downside in focus will be last week’s low of 24,305.
The Nifty Bank is down a massive 2000 points.
The biggest focus, of course, will be on oil sensitivities, ONGC, Oil India, HPCL, BPCL and the others who are impacted by this too, aviation stocks like IndiGo, paint stocks like Asian Paints and others, FMCG companies; Tyre stocks, and others. Also keep an eye on Meesho and Anthem Biosciences.
Watch this space for all the LIVE stock market updates.
