5Photo© timesofindia.indiatimes.comStock market continues downward slide, Sensex falls over 2,200 points amid West Asia conflict
A sharp decline is being witnessed in the stock market. As soon as trading began, the market crashed significantly. The BSE Sensex opened with a fall of nearly 2,000 points, marking one of the biggest drops at the start of the trading session. Earlier in the pre-opening session, the market had already indicated heavy pressure with a decline of around 3,000 points.
When the market officially opened on Monday, the first trading day of the week, those signals turned into reality as the market started the day with a steep fall. Analysts are calling it a very weak opening for the market. Such a sharp drop has created panic among investors, with thousands of crores of rupees at stake.
The selling pressure continues in the market, and the downward trend is yet to show signs of stopping. Although markets sometimes see minor recoveries during the day, the overall market sentiment remains negative due to continuous global uncertainty. Market experts say that oil-related companies are among the worst hit today. Shares connected to energy and crude oil sectors have fallen sharply.