Wholesale and retail inflation data is also to be released on Monday. In the early trade, all the stocks except ONGC and TCS were on the red mark in Nifty 50.
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MUMBAI :
In India's Uttar Pradesh, Uttarakhand and Goa, a major fall has been registered in the domestic stock market during early trading on the day of voting for the assembly elections on Monday. With the opening of the market, the Sensex, the major sensitive index of the Bombay Stock Exchange (BSE), opened with a fall of 1432 points at the level of 567207. At the same time, the Nifty of the National Stock Exchange (NSE) also started its business at 17076, down 298 points.
However, wholesale and retail inflation data are also to be released on Monday. In the early trade, all the stocks except ONGC and TCS were on the red mark in Nifty 50. In the sectoral index, all indices including PSU Bank, Nifty Metal, Nifty Pharma, Realty, Metal, Health Care, Oil and Gas Index, Nifty Bank, Nifty Financial Services, Nifty Auto, Private Bank, IT Index were on the red mark.
The biggest reason for the fall in the early trading of BSE Sensex and NSE Nifty on Monday is also being told due to the fall recorded in the US market on Friday. 503, the S&P 500 fell 1.9 percent in the Dowson, while the Nasdaq also slipped 294 points to close below 14000. The reason for the collapse of the US market is being told the possibility of Russia attacking Ukraine. As tensions on Ukraine increased, the price of crude oil reached close to $ 96. This is the highest since September 2014.
According to Yesha Shah, Head of Equity Research at Samco Securities, after the reaction to the US inflation data, investors will now try to understand the action of the Federal Reserve. The details of the Federal Reserve meeting are about to be released. Apart from this, investors will also keep an eye on China's inflation data, he said. Dalal-Street investors will also keep an eye on the domestic inflation data, which is to be released on Monday.