Indian Stock Market : The effect on the global market is seen in the Indian stock market. The market is constantly selling. Markets continued to decline for the third day in a row on Thursday. The BSE Sensex fell 1062.22 points to close at 72,404.17. Similarly, the NSE Nifty fell by 345 points and reached 21,957.50. Only auto shares have risen in the market.
According to market experts, there are many reasons for the decline in the market. The biggest reason for this is the general election. Markets are worried about general elections.
Apart from this, there is heavy selling by foreign investors. Heavyweight stocks such as Reliance Industries and Tata Consultancy Services, HDFC Bank declined.
Apart from this, crude oil prices are also increasing. Many companies have poor results. All these factors have dampened the mood of the market, resulting in a sell-off. Global oil benchmark Brent crude rose 0.43 percent to $83.94 a barrel.