Mumbai: A stampede has been seen in the market due to India-China tension. The market has closed more than 1300 points above the upper levels amid heavy selling in the market. At the same time, the Nifty has also come down to 11350. In the morning trade, the Sensex was up by 500 points, while the Nifty had reached 11700 level. In fact, after the border dispute and continuous talks about it, Chinese soldiers have again tried to infiltrate the Indian border. Due to which there was a clash again in East Ladakh between India and China on the night of 29-30 August. After this news came, there was a sharp sell in the market. In the Sensex 30, all the shares closed in red mark except ONGC and TCS.
Nifty Bank closed down 875 points, or 3.5 percent. Bank and metal stocks are seeing heavy selling. Midcap and Smallcap have also slipped. 12 out of 12 stocks of Bank Nifty have seen a fall. After touching 40 thousand of Sensex and 25 thousand of Nifty Bank, there has been a strong profit booking in the market. Private banks are the most pressurized market. Nifty Bank is down 3.5%, Auto index is down 3.5%, Financial index is down by 3.17%. The FMCG index is down 2.25 percent and IT is down 1.68 percent. 5.25 percent in the Pharma index and 4.83 percent weakness in the realty index.
