MARKET UPDATE:Sensex crashed over 1,300 points to trade at 57,520 levels and the Nifty50 declined over 350 points to trade below 17,200 levels


Published On: Monday, August 29, 2022 | By:

MARKET UPDATE:Sensex crashed over 1,300 points to trade at 57,520 levels and the Nifty50 declined over 350 points to trade below 17,200 levels

Opening Bell: Markets opened lower in today's(29 August 2022) trade amid weak global sentiments marked by fear of rising interest rates. Frontline indices Nifty50 declined over 350 points to trade below 17,200 levels, while the S&P BSE Sensex fell over 1,300 points to trade at 57,520 levels. Broader markets, too, declined in tandem as Nifty Smallcap 100 and Nifty Midcap 100 dropped over 2 percent. All sectors were in red with Nifty IT, Nifty PSU Bank, and Nifty Realty indices battered in trade. Among individual stocks, shares of Reliance Industries slipped nearly 1 percent ahead of their 45th Annual General Meeting.

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