Share Market Crash: Biggest fall in New Year, Sensex down 1747 points, Nifty up 16842

The benchmark Sensex fell by 1747.08 points, or 3 per cent, to 56,405.84 points today. The Nifty declined by 531.95 points, or 3.06 per cent, to 16,842.80 points.

Share Market Crash: Stock market Historic decline throughout the year

The  stock market plunged on the first day of the week after Friday’s fall. The Indian stock market plunged on Monday on the back of global market selling. Tensions between Russia (Ukraine-Russia crisis) and the West over the Ukraine issue have also put pressure on the market. Rising crude oil prices and rising global inflation are also contributing to the current decline.

Share Market Crash: Biggest fall in New Year, Sensex down 1747 points, Nifty up 16842
Share Market Crash: Biggest fall in New Year, Sensex down 1747 points, Nifty up 16842

The benchmark Sensex fell by 1747.08 points, or 3 per cent, to 56,405.84 points today. The Nifty declined by 531.95 points, or 3.06 per cent, to 16,842.80 points.

For the first time this year, the Nifty has fallen by more than 500 points. Today’s trading showed a decline in all the BSE sectoral indices. Banking, realty, auto and metal stocks were under selling pressure today. On the other hand, pharma, FMCG and oil and gas stocks also declined.

LIC can hit IPO

The decline in the stock market has started at a time when LIC is about to launch an IPO. In such a scenario, the fallout could hit this mega issue. Experts say global stock markets are under pressure. The decline in the Indian market is due to the sale of foreign funds. Foreign funds have been steadily selling in the Indian market for the past few weeks. So the Nifty has gone below 17,000. The Nifty had earlier dipped below 17,000 on December 17. The fact that the Nifty has fallen below 17,000 twice in about two months indicates that there is currently no strength in the market.