When Will the Market Rebound?: Today, the stock market witnessed a significant drop, causing investors to lose over 1.7 trillion rupees. Both the Sensex and Nifty 50 indices fell by more than 3%. Shares of major companies such as Suzlon, IREDA, and RVNL also saw significant declines. This downturn can be attributed to various international and domestic factors, including declines in other countries’ stock markets and rising oil prices.
Highlights:
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- Over 1.7 trillion rupees lost in the stock market
- Sensex and Nifty 50 fall by more than 3%
- Major companies like Suzlon, IREDA, RVNL see significant drops
- Market decline due to international and domestic factors
| Companies | Opening Price | Current Price | Drop (%) |
|---|---|---|---|
| Suzlon | ₹69.89 | ₹67.79 | 4.99% |
| IREDA | ₹254.40 | ₹238.20 | 6.40% |
| RVNL | ₹590.00 | ₹550.40 | 6.68% |
| Nifty 50 | ₹24,322.85 | ₹24,049.95 | 2.70% |
| Sensex | ₹79,583.51 | ₹78,772.62 | 2.73% |
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Significant Decline in Sensex and Nifty 50
Opening Figures
The Sensex opened at 79,583.51 points but is now trading at 78,772.62 points, indicating a 2.73% drop. The Nifty 50 opened at 24,322.85 points but is now trading at 24,049.95 points, showing a 2.70% decline.
Major Companies Facing Declines
Significant drops were seen in the shares of major companies like Suzlon, IREDA, and RVNL. Suzlon Energy’s shares fell by 4.99% to ₹67.79. IREDA’s shares dropped by 6.40% to ₹238.20, and RVNL’s shares decreased by 6.68% to ₹550.40.
Also Read: Expert Predictions for Suzlon Energy – Decline Expected in August
Other Major Companies’ Stocks
Shares of companies like Adani Ports, Tata Motors, SBI, Tata Steel, Maruti Suzuki India, Reliance Industries, TCS, Infosys, and Wipro also faced declines. Banks such as State Bank of India, ICICI Bank, Axis Bank, and Bank of Baroda Ltd also saw drops.
Domestic Factors
Negative results from major companies for the June quarter and investors withdrawing investments from the Indian stock market contributed to this decline.
Also Read: What is the Next Target of IREDA and NTPC? Expert Opinions and Key Information
FAQ
Why did the stock market decline?
This decline is due to several factors, including international market drops, rising oil prices, and increasing tensions in the Middle East.
Will this decline last long?
According to experts, this decline is not expected to last long, and the market may stabilize soon.
Should investors panic?
Investors should not panic. This decline is temporary, and the market is expected to recover soon.
Which companies’ shares have dropped?
Shares of companies like Suzlon, IREDA, RVNL, Adani Ports, Tata Motors, SBI, Tata Steel, Maruti Suzuki India, Reliance Industries, TCS, Infosys, Wipro, etc., have dropped.
What should investors do/When Will the Market Rebound?
Investors are advised to keep an eye on market conditions and not sell their investments hastily. Make decisions only after the market stabilizes.
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