The stock market started with ups and downs on Wednesday after a big fall of the last two trading days. In the initial trade, the Sensex was seen trading at a level of 36,500.
There is an atmosphere of fear in the Indian stock market due to rising oil prices due to rising tension in West Asia. This is the reason why the Sensex has lost 900 points in the last two trading days, while the Nifty has also lost 250 points. Wednesday also started with ups and downs for the Indian stock market.
The Sensex crossed the level of 36 thousand 600 after rising 250 points in the initial trade. However, after about half an hour, the Sensex lost this edge and came to the level of 36 thousand 500. At the same time, there was a slight increase in the Nifty but after some time it came to the red mark.
Bajaj Finance, Kotak Bank, Vedanta, Axis Bank, Tata Steel, Reliance and SBI were up over 1 per cent in early trade. At the same time, the shares of the auto sector were seen trading down again. While Maruti’s shares fell 1.50 percent in the auto sector, Hero Moto Corp also lost about 1 percent. Apart from this, shares of Bajaj Auto were also seen trading on the red mark.
Meanwhile, there is a recovery in the Indian rupee against the US dollar. It opened with strength of 28 paise in early trade on Wednesday. Let us know that the rupee fell 18 paise to close at 71.78 against the US dollar. On Monday, the rupee fell 68 paise to 71.60 against the US currency.
Sensex broken over 900 points in two days
In the first two days of this week, the SENSEX has broken more than 900 points. On Tuesday, the Sensex closed down by 642 points, while it fell by 260 points on Monday. Similarly, the Nifty closed down by 186 points on Tuesday. While on Monday it saw a slippery score of 72 points. In this context, the Nifty has weakened by 260 points in two days. Investors incurred a loss of Rs 2.72 lakh crore in these two days.