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Stock market rise four percent after historical fluctuations

Mumbai – The domestic stock markets witnessed historical ups and downs on Friday. In the morning, the Sensex and Nifty were down by more than 10 per cent, and had to stop trading for 45 minutes, but after that, both the major indices closed in a gain of over four per cent, making a tremendous comeback.

The BSE Sensex today fluctuated over 5,400 points and the National Stock Exchange’s Nifty by over 1,600 points. At the close of trading, the 30-share sensitive index Sensex gained 1,325.34 points, or 4.04 percent, and the Nifty rose 433.50 points or 4.52 percent to 10,023.65 points. Twelve years later, the market has had to be stopped due to a huge fall in the market.

The Sensex opened down by 1,564.01 points to 31,214.13 points due to selling by foreign investors amid negative signals from most major Asian markets. The Nifty also opened 482.55 points and opened at 9,107.60 points, and fell to nearly a thousand points on sight. After 9.21 in the morning, when it was down 10.7 percent to 8,624.05, the market started ‘lower circuit’ and the business had to stop for 45 minutes. Business also had to be stopped at BSE. At that time, the Sensex was down by 9.43 points at 29,687.52. All the Sensex and Nifty companies were in red mark amid all-round selling in the market.

On the resumption of trading, the stock market bounced back and by noon the Sensex and Nifty hit the green mark. The Sensex had a day’s high of 34,769.48 points and a low of 29,388.97. This is its lowest level since April 21, 2017.

The Nifty managed to climb to 10,159.40 before the end of trading. Earlier in the morning it was broken up to 8,555.15 points, which is the lowest level after 01 February 2017.

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