Share Market Crash Today: The stock market, which has been suffering from sell-off for the last few months, is not taking the name of ending the bad days. Even on Monday, there was no sign of relief for investors after last weekend ended with a sharp decline. Due to global pressure and other factors, as soon as the session started on the first day of the week, both BSE Sensex and NSE Nifty went down and lost more than 2-2%.

Massive reduction from pre-open

The market was at a huge loss in the pre-open session before trading started today. The BSE Sensex had broken more than 1000 points before the start of the session. The Nifty was also down 2% in the pre-open. The SGX Nifty also declined sharply in Singapore. With the opening of the session, the market fell further. The Sensex opened with a loss of 1200 points. By 09:20 am, the Sensex was down more than 53,000 points and was trading at a loss of about 1,400 points. The Nifty also fell more than 380 points to 15,830 points.

Last week proved to be bad

Earlier in the day, the domestic market also witnessed a sharp decline. The BSE Sensex fell 1,016.84 points (1.84 per cent) to close at 54,303.44. The Sensex was down 54,205.99 points at one point during trading. The NSE Nifty also closed at 16,201.80 with a huge loss of 276.30 points (1.68 per cent). On a weekly basis, the Sensex was down 1,233.22 points (2.22 per cent) and the Nifty was down 268.60 points (1.63 per cent).

Investors look at LIC stock

After the long awaited IPO, the state insurer LIC is in bad shape in the stock market. The company has already raised Rs. 1.66 lakh crore. Today, in the opening trade, the stock has lost about 3.15 per cent to less than Rs 700. In fact, the lock-in period for LIC IPO anchor investors is coming to an end today. There were already fears that it would be sold to anchor investors as soon as the lock-in ended, given the way its stock has fallen so far.

Record inflationary pressures in America

The domestic market is also under pressure due to the decline of the global market in today's business. Inflation in the US has risen sharply to a 40-year high. On the other hand, the pace of economic growth has been slowing down due to rising interest rates. For these reasons, the United States is likely to experience a recession soon. This led to a sharp decline in the US market on Friday last week. The Dow Jones Industrial Average was down 2.73 percent, the Nasdaq Composite was down 3.52 percent and the S&P 500 was down 2.91 percent. Today, Asian markets are also seeing heavy selling. Japan's Nikkei is trading down 2.77 percent. Hong Kong's Hang Seng is down 2.66 percent and China's Shanghai Composite is down 1.11 percent.