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As soon as trading started in the Indian stock market this morning, the Bombay Stock Exchange (BSE) Sensex fell by 531.59 points to reach the level of 77,031.31. Whereas the Nifty of National Stock Exchange (NSE) fell by 153.80 points to 23,843.55. As soon as the market opened, selling pressure was visible and Nifty slipped below the level of 23,900, which is considered a weak sign for the market.

However, amid the decline in the market, a rise was also seen in some stocks. Shares of NTPC, Bharat Electronics, Max Healthcare, Bajaj Auto and Hindalco registered gains in early trade. The strength of these shares definitely gave some relief to the market, but could not stop the widespread decline.

Take a look at the top losers

On the other hand, there was selling pressure in many big stocks. Shares like Bajaj Finance, Shriram Finance, Adani Ports, Infosys and Mahindra & Mahindra were among the top losers in early trade. The fall in the shares of these big companies directly affected the major indices. According to market data, about 1215 shares were seen rising, while 1288 shares were trading with a decline. There was no significant change in 174 shares and they remained at flat level. It is clear that the impact of the decline in the market was widely visible.

Know what is the reason for fluctuations?

Market experts believe that fluctuations in crude oil prices have increased the concern of investors. Apart from this, ongoing uncertainties at the global level and continuous selling by foreign institutional investors (FIIs) have also put pressure on the market. According to experts, there may remain fluctuations in the market at present. In such a situation, investors should avoid taking big decisions in haste and focus on companies with strong fundamentals. He believes that being patient in long term investment can be a better strategy.