Indian stock market opened to huge losses today. The international market’s impact seems to have taken a toll on the national market as well.
SENSEX lost 1250 points while NSE NIFTY suffered 290.5 points loss at the start of the day. These numbers incur a total loss of 5.4 lakh for investors.
The decrease in credit rates in America and indications that Federal bank may increase interest rates seem to be the reasons for this issue.
Asian markets have responded in a negative manner to all these international affairs. TATA motors, Axis bank, and YES bank suffered huge losses.