- विज्ञापन -
Today, on the last trading day of the week, i.e. Friday, May 9, the stock market is down. The Sensex is down by about 1,000 points (1.17%) and is trading at 79,400. The Nifty is also down by about 300 points (1.20%). It is at 24,000.
Out of the 30 Sensex stocks, 26 stocks are down. 18 stocks including Power Grid, UltraTech Cement, ICICI Bank have fallen by up to 3%. Whereas, Titan, Larsen & Toubro and Tata Motors stocks have risen by up to 4%.
Out of 50 stocks of Nifty, 39 are down. Realty sector is down by 2.76%, Financial Services by 1.87%, Oil and Gas by 1.03% and Private Banks by 1.36%. Public Sector Banks and Consumer Durables are up by 1%.
Three reasons for the market decline
• India-Pakistan tension: After the Pahalgam attack, there is a war like situation between India and Pakistan. Due to this, there is an atmosphere of uncertainty and fear among the investors, due to which there is a huge sell-off in the market.
• Global market pressure: Recent volatility in the US stock markets is affecting the Indian market. The rise in the US dollar index is also a cause of market pressure.
• Profit booking: After the recent high levels of the stock market, investors started taking profits. Due to which a decline is being seen in the Sensex and Nifty. There is maximum selling in those sectors which had a high growth.
Booming global market
• In Asian markets, Japan’s Nikkei is trading at 37,403 with a gain of 474 points (1.28%). Korea’s Kospi is down by 0.20%, it is at 2,574.
• Hong Kong’s Hang Seng index is trading at 22,777 with a slight increase. China’s Shanghai Composite is trading at 3,343.38 with a slight decline.
On May 8, the US Dow Jones closed at 41,368, up 254 points (0.62%), the Nasdaq Composite closed at 17,928, up 190 points (1.07%), and the S&P 500 index closed at 17,928, up 0.58%.
Foreign investors retain confidence in the market
Meanwhile, the Foreign investors (FIIs) are continuing to buy shares in the Indian market. Yesterday, on May 8,2025 foreign investors bought shares worth Rs 2,007.96 crore. While domestic investors sold shares worth Rs 596.25 crore during this period.
Foreign investors’ net purchases in April stood at Rs 2,735.02 crore. Domestic investors also made net purchases of Rs 28,228.45 crore during the month.
The stock market fell by 412 points yesterday
On the fourth trading day of the week today i.e. Thursday (8 May), the Sensex fell 412 points to close at 80,335. Nifty also closed 141 points down at 24,274.
Out of 30 Sensex stocks, 26 closed with a decline. Zomato’s stock fell by 3.97%. Mahindra, Bajaj Finance, Maruti and Tata Steel stocks closed down by 3.5%. On the other hand, HCL, Axis Bank, Kotak Bank and Titan closed higher.
Out of 50 Nifty stocks, 45 fell. Among the sectoral indices of NSE, Realty closed down by 2.47%, Metal by 2.09%, Healthcare by 1.95%, Auto by 1.90%, Pharma by 1.62% and Government Banking Index by 1.35%. There was a slight increase in IT and Media.
The market was down amid the escalating tensions between India and Pakistan. On May 8, the market was flat in early trade. Sensex-Nifty were trading with a slight decline. However after the news of India’s drone attack on many big cities of Pakistan, there was a sudden decline in the last half hour of the market.
Decline in Pakistani Market over 6%
Pakistan’s stock market has fallen by more than 6% today on May 8 after India’s airstrike in response to the Pahalgam attack. The Karachi-100 index fell 7,241 points or 6.58% to close at 102,767. Due to the fall, trading had to be stopped during the day. However, it was resumed later.
Yesterday too, the market had fallen by 3,556 points (3.13%). That is, the Pakistani market has fallen by about 10,000 points in two days. On the other hand, KSE 100 has fallen by 13% since the Pahalgam terrorist attack on 22 April.
