By Admin 
Share Market: The Indian stock market closed in red mark for the third consecutive day on 20 May. The Sensex fell 832 points to close at 81,227.42. At the same time, the Nifty also broke down and closed below 24,700. Due to the selling of foreign funds, 13 sectoral index of Nifty also closed in red mark. As a result, investors suffered a loss of about Rs 5.35 lakh crore. On this basis, the start of trading in the stock market is likely to be weak today.
There may be an atmosphere of market fluctuations
Even though there is a slight increase in European markets. The FTSE 100 and DAX have seen an increase of 0.50 percent and 0.31 percent respectively. However, the status of American markets is the opposite. Dow Jones, Nasdaq and S&P 500 index have fallen badly. Domestic stock markets can see fluctuations due to mixed signals of other markets of the world and frequent selling in large sectors like auto and finance. Due to the available data and signs, investors can step up.
Automobile sector condition worst
The automobile sector shares saw tremendous profits on 20 May. However, due to a drop of 1.5 percent in the Nifty Auto Index, it became the worst performing sector of the day. This decline has come after four days of rise, due to which the index had climbed up to 9 percent last month. It was probably inspired by the news of the trade deal between India and America.
The biggest reason for the decline in the automobile sector on May 20 is more than 3 percent fall in the shares of Tube Investment of India, which fell after a strong lead by a month. Apart from this, each of Hero MotoCorp, Maruti Suzuki and Eicher Motors has fallen by more than 1.5 percent, while India forge and M&M have also closed down.