Sensex Crash 1.170 Points: The Reason for Behind the Autumn

New Delhi: The equity index fell on Monday with BSE Sensex benchmarks crashing more than 1,100 points amid broad-based sales in all sectors.
The BSE 30-shares index by attacking 1,170 points or 1.96 percent to close at 58,466; While the wider NSE settled 348 points or 1.96 percent lower at 17,417.
The loser in the sensex package includes Bajaj Finance, Bajaj Finserv, Reliance, NTPC, SBI and Titan with their shares falling as much as 5.74 percent.
Twenty-six of the 30 shares ended in red.
While Bharti Airtel, Cat Asia, the electricity network and Bank Indusind are the only enhancer that rose to 3.7 percent.
On the NSE platform, all sub-indices ended with red with Nifty PSU Bank, Realty, Oil & Gas and Auto into a large loser to fall by 4.51 percent.
Here are the main reasons for today’s accidents: * Selling weight throughout the sector All sectoral indices are completed with the most financial banks and shares.
Bajaj Finance, Bank Box, SBI, Bajaj Finserv among other banking stocks are the top attraction in the sensex package.
“Finally the bear got their actions together after a long wait because a series of events during the weekend gave them the advantage with almost all sectoral indices except the metal index plunged,” said S Rangathan, head of research at LKP Securities.
It revoked the agricultural law had an impact on PSU shares while the O2C agreement was not through the left 4.5 percent cutting dependence, he noted.
Furthermore, he said that even when IPO investors made peace with reality, the impact of inflation on demand in several sectors continued to worry about the road.
Has decided with Saudi Aramco to reevaluate the sale of $ 15 billion in the oil-to-chemical arm to Saudi oil producers.
It is said that its energy portfolio has changed with a robbery to the new energy business, which will occur to re-evaluate the agreement.
The conglomerate drags the nifty energy index 3.35 percent lower.
“Reliance shares mainly drive downward indices,” Kshitij Purohit, senior manager at Capitalvia Global Research Limited told the Reuters news agency.
* Paytm fell for the 2nd daydigital payment company Paytm fell by 13.03 percent on the second day of its trade.
The biggest IPO in India went down to the start of the commencement on Thursday because with a tank of more than 27 percent of his debut on the stock exchange.
According to market analysts, concerns over the assessment weighed on stock.
IPO RS 18,300 Crore supported by ants group, the largest share sales in India, highly subscribed 1.89 times earlier this month.
* Fresh Covid Lockdownswith Austria started a full fourth and Germany lumbers considering the same thing, there was a growing concern among investors on the impact of new covid restrictions in Europe.
As a result, the euro closed at a 16-month low on Monday.
Austria began the fourth locking, which was first introduced because the vaccine was widely available, turning off the Christmas market, bars, cafes and theaters.
The wave of the fourth infection has dropped Germany, the largest economy in Europe, becomes national emergency, Minister of Health Jens Spahn said, warning that vaccination would not cut the number of cases.
“Nifty has corrected around 4.5 percent of all time highs.
Mood-off risk-offs on the global market can gather strength in fresh covid cases in Europe and lock in countries such as Austria,” Vijaykumar VK, Head of Investment Strategy In Geojit Financial Services to the PTI news agency.
* The weak global Global CUE made the faltering start starting on Sunday as the return of Covid-19 restrictions in Europe and talking about tapering from the Federal Reserve investors who were warned.
Rubel fell past a sign of 74 to a three-month low close to the dollar on Monday and the Russian shares sank to the lowest since the beginning of September as the remaining geopolitical risk hampered the demand for Russian assets.
* Fear of Asian market inflation mixed on Monday by fear of updated detention steps to fight with a surge in Covid European cases adding speculation that grows so that the central bank must tighten monetary policy faster to tame the inflation surge.
* Rising crude oil is detrimental to extended losses as the main consumers including the United States considering releasing some of their reserves to keep the lid at the price, which has become the main reason for the inflation leap this year.
The two main contracts fell back because the discussion came after WTI crude last month reached a height of seven years above $ 80 about increasing demand and limited inventory.
(With input from the agency)