A big decline has been seen in the stock market already in the first week. The National Stock Exchange opened with a red mark on Monday. Sensex saw a fall of more than 900 points. At 9.29 am, Sensex was down 879.66 (1.16%) points at 74,358.33 while Nifty was down 255.80 (1.08%) points at 23,387.70.
The main reason for the fall in the Indian market on Monday was the record high of global bond yields. Besides, rupee slipped to all-time low and several macro concerns tightened the bearish grip on Dalal Street.
Earlier, selling was seen in the domestic stock market on Friday. The Sensex slipped 160.73 (0.21%) and closed at the level of 75,237.99. On the other hand, Nifty closed at 23,643.50 with a decline of 46.10 (0.19%) points.
