Nifty falls below 11,350 points

The stock market fell sharply on September. This is for the second day in a row that the market has lost ground. Nifty fell below the strong support point of 11,377 points. The stock closed at 11,333.85 points. Breaking the support level should be seen as a possibility for the market to continue to decline.

The 30-share benchmark Sensex fell by 633 points to close at 38,357 points. The market witnessed sharp fluctuations throughout the trading session. The Nifty was down 193 points. The Nifty was up by 11,452.05 points at noon but fell by 120 points. The Sensex was up by 38,729.66 points, but fell sharply.

The sharp fall in the US market on September 3 was also reflected in the Indian market. Strong selling pressure on technology stocks led to a decline in the US market.

When 49 stocks in the Nifty registered losses, only one gained. Maruti Suzuki is the only major gainer. Maruti rose 1.76 per cent.

Tata Steel, Axis Bank, Adani Ports, JSW Steel and NTPC were the top five losers in the Nifty. All these five stocks lost more than three per cent.

Metal stocks were the biggest losers. The Nifty Metal Index was down 3.01 per cent. The Nifty Bank Index was down 2.21 per cent, the Pharma Index was down 2 per cent and the Energy Index was down 1.91 per cent.