Sensex and Nifty Falling on Selling Pressure

The Indian stock market benchmark 30 share BSE index Sensex fell by over 191 points in opening trade on Monday, 21st Nov 2011, because of worries about the slowing economic growth in Indian economy and sluggish policy initiatives at different levels and sectors, ailing airline industry as well as uncertainty over the euro zone debt crisis has resulted into lack of confidence in investors in stock markets.

The 30-share index, Sensex which has lost 1,198.02 points over the past seven sessions, fell by 191.22 points, or 1.16 per cent, to 16,180.29 within the first five minutes on opening of the trade today.

The same trend has been witnessed on the NSE’s (National Stock Exchange) Nifty. This 50 stock index also witnessed a decline of 58.25 points, or 1.18 per cent, to 4,847.55.

The stocks prices of metal, refinery, auto, banking, consumer durable and realty sector companies are found to be falling because of selling pressure as well as international trends have brought confidence even lower. Because of this Sensex and Nifty are falling.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: