The market continued to decline for the third consecutive day after the budget. With the opening of the market on Monday morning, there was a huge decline in the Sensex and the Nifty. At 9.30 in the morning, the Sensex has dropped more than 400 points to 34,666. The National Stock Exchange (Nifty) is trading 129 points down at 10,631. Asian markets also saw decline. China’s stock market opened with a fall on Monday. Shanghai Composites fell 1.46 percent to 3,411.67, and the Shenzhen Component Index slipped 1.5 percent to 10761.
Earlier, the stock market closed down 2.34 percent on Friday due to concerns over credit rating agency Fitch’s comments and increased fiscal deficit. The 30-share Sensex of the Bombay Stock Exchange fell by 839.91 points to close at 35,066. The National Stock Exchange’s Nifty closed down by 164.45 points to close at 10,760.60. Traders say that there is an atmosphere of frustration in the stock markets on the pressure and budget of the international sell-out.
