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Heavy selling pressure continues in the market, Sensex-Nifty falls

Heavy selling pressure continues in the market, Sensex-Nifty falls


Mumbai, May 06. There has been a big fall in the stock market today. The way in which the Reserve Bank of India increased the repo rate, since then there has been a continuous sell-off in the market. Today, as soon as the market opened, almost 1000 points fell down to 54721. Almost all sectors including banks, power, manufacturing saw a huge decline today. When the market opened, the Sensex opened down 750 points while the Nifty fell below 16450 points. Bajaj, HCL saw a decline of over 3 per cent. Sensex fell 990 points in preopen session, while Nifty went below 16400. At present, at 9.40 pm, Sensex is trading at 55052 points while Nifty is trading at 16464 points.



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