New Delhi. On May 13, 2024 (Monday), both the stock market indices opened in the red. Many experts say that the market has declined due to the election atmosphere. At the same time, some traders believe that the market may rise after the quarterly results by the companies this week. 

At 9.40 am today, the Sensex was trading 609.22 points or 0.84% ​​down at 72,055.25 points. At the same time, the Nifty is also trading 169.55 points or 0.77 percent down at 21,885.65 points.

Even after this, the market is trading with a decline. Around 10 o'clock, the Sensex fell by 742 points. 

Why did the market fall?

The market fell due to continued foreign fund outflows, weak trends from Asian markets and heavy selling in Tata Motors.

Top gainers and losers of Sensex

Shares of Tata Motors fell by more than 7 percent from the Sensex basket. At the same time, shares of JSW Steel, Tata Steel, NTPC, State Bank of India, Power Grid and Mahindra & Mahindra are also trading lower.

In Asian markets, Seoul, Tokyo and Shanghai were trading lower while Hong Kong was in positive territory. Wall Street closed mostly higher on Friday.

According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 2,117.50 crore on Friday. Global oil benchmark Brent crude fell 0.31 per cent to US$ 82.53 per barrel.

Rupee in limited range

The rupee is trading in a narrow range against the dollar today. The Indian currency moved in a narrow range at the interbank foreign exchange market. It opened at 83.51 against the US currency and fell to 83.52 in early trade, showing a decline of 1 paisa from the previous close.