Sunday, November 28, 2021
HomeBusinessSensex Falls by 1,489.37 Points, Paytm Shares Continue To Devastate

Sensex Falls by 1,489.37 Points, Paytm Shares Continue To Devastate

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Share Market Today: Today, there is a massive decline in the Indian stock market, i.e., Monday. In the morning, the business started at the green mark, but the market started falling after a while. The Sensex lost 1,501.08 points around 2.42 pm. It seems that the bears’ hold on the market is getting stronger. The condition of Paytm is terrible even today.

In the morning, the BSE Sensex opened with a gain of 74 points at 59,710.48. But soon after opening it started declining and later this decline kept increasing. Around 2:42 pm, the Sensex fell by 1,377.44 points to reach 58,258.57. Similarly, the Nifty of the National Stock Exchange (NSE) opened with a gain of 32 points. Around 2.42 pm, Nifty fell by 414.95 points to reach 1,377.44.

Why the fall

Due to many factors like weak signals from international markets, heavy fall in the country’s foreign exchange reserves, heavy fall in giants like Reliance-Paytm, etc., the market’s decline continued to increase.

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All sectors in red mark

All sectors are running in red mark. Sectors like Auto, PSU Bank, Oil & Gas, Realty etc., have declined by 1 to 2 per cent. Telecom shares seem to be shining today due to an increase in tariff by Airtel.

Condition of Paytm bad

The second day was also tricky after listing the shares of Paytm’s parent company One97 Communication. The company’s shares fell about 18 per cent to Rs 1271.25 on Monday around 12.27 pm.

Last week, the Sensex-Nifty had seen a fall of about 2 per cent. On November 18, except auto, selling was seen in all sectors. Nifty has gone down after breaking 18000. Market experts say that more correction can be seen in Nifty now.

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Abhay Singh
Abhay Singh is Our Journalist at Spot News 18. He Loves to Gather News and to Provide Authentic News to Our Readers. He Is very Passionated about his Work.

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