Why did Nifty and Sensex fall?

ARTICLES. NEW DELHI: Equity indices plunged nearly 3 per cent on Friday with the benchmark BSE sensex falling over 1,650 points as reports of a new Covid variant spooked investor sentiments.

What affects Nifty and Sensex?

The equity markets are affected by a global economic slowdown. Furthermore, the other factors that impact the stock market performance are currency exchange rates (rupee movements), crude oil prices, political instability, etc.

Is Nifty better than Sensex?

Nifty is more ‘diverse’, as it includes more constituents. In the recent months, Nifty has outperformed Sensex because of a rally in the metal stocks. Nifty has three from the sector while Sensex has none.

Who will decide share price?

After a company goes public, and its shares start trading on a stock exchange, its share price is determined by supply and demand for its shares in the market. If there is a high demand for its shares due to favorable factors, the price will increase.

How was FY21 for SENSEX and nifty?

FY21 was the best fiscal year in absolute terms—the Sensex gained 20,040.66 points and Nifty added 6,092.95 in FY21. The market retreated from the day’s highs and continued to consolidate throughout the day. The bias was negative and most of the index heavyweight shares closed lower.

Why did the SENSEX fall on 28 February 2020?

On 28 February 2020, Sensex lost 1448 points and Nifty fell by 432 points due to growing global tension caused by coronavirus, which W.H.O said has a pandemic potential. Both BSE and NSE fell for the entire five days of the week ending with the worst weekly fall since 2009

What happened to share market in FY21?

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended the last day of the financial year 2020-21 (FY21), in the red. BSE Sensex slumped 627 points or 1.25 per cent to 49, 509, while Nifty 50 gave up 14,700, to end 154 points or 1.04 per cent lower at 14,690.

What is happening to NIFTY Next 50?

Nifty Next 50 was down 0.5\%, Mid and Small cap indices held up even better falling just 0.4\%. Even though Corona is raging through the country, the breath of the market remains positive. The trend continues to be upwards, as Nifty hasn’t yet broken any major level – which could suggest a potential turnaround towards the downside.