Bank Nifty Share Price : Sensex Down 505 Points In Early Trade

Rudra Investment Experts says that Bank Nifty Share Price, After the weak start, the market has gone down. Worried by the rupee weakness and trade war, the Sensex has broken more than 500 points, while the Nifty has slipped below 11400. Banking, FMCG, auto, metal, pharma stocks are under pressure due to market pressure. The decline in sales has become deeper in heavyweight RIL, HDFC, HDFC Bank, ICICI Bank, ITC, SBI, HUL. The Sensex plunged by 505 points to 37,586 and the Nifty ended 137 points down at 11,378. Earlier, the Sensex dropped 63 points to 38,028 levels. On the other hand, the Nifty ended 50 points at 11,465 level. |

Reason for decline in the market

1. Weak Global Signals

On Friday, the American market closed flat. This led to weakness in the Asian market on Monday, which has an impact on the Indian market.

 2. Fear of trade war

According to media reports, US President Donald Trump can announce the imposition of $ 200 billion in tariffs on Chinese import today. It is afraid of increasing trade war.

 3. Rupee declines

The rupee dropped on Monday Rupee plunged to a level of 72.69 against the dollar in trade. There is pressure on the market due to weakness in rupee.

4. FPI Sold Out

Foreign Portfolio Investors (FPIs) withdrew Rs 4,318 crore from equity in September and Rs 5,088 crore from Debt Market. That is, in September, a total of 9,406 crores was withdrawn from the market.

5. Big package announcement not announced in Economic Review

Prime Minister Narendra Modi held an economic review meeting on Saturday on the decline in rupee, crude and current account deficit. After which some big announcements were made. But the market expectations are not fulfilled, no big package has been brought. The effect is visible on the currency and the stock market.

Midcap and smallcap stocks also fell

Large cap is also seen in mid-caps and smallcap stocks as well. BSE's mid-cap index is down 0.70 percent, while the Nifty Midcap 100 Index slipped 0.57 percent. BSE's smallcap index is down 0.35 percent.

Which stocks are bullish, where is the decline

During the business, Wipro has an edge over giants. However, Axis Bank, Asian Paints, SBI, HDFC, HDFC Bank, Reliance Industries, ITC, ONGC, Maruti, Sun Pharma have fallen.

IT-realty rises, banking shares slip

Nifty is trading with 9 out of 11 index fall. Bank Nifty is down 1.28 percent and is trading at 26,816.75 level. PSU bank index fell 1.83 percent. Nifty IT index has an increase of 0.47 percent from the weakness in rupee.