The drop in both Sensex and Nifty on Wednesday led to a strong sale in the domestic market. As a matter of fact, the sectors of banking, metal, pharma, realty, capital goods, consumer durables, and power shares saw a good high in their overall sales. Sensex and Nifty closed after a huge drop. The trade in Sensex fell off by 64 points closing at 30,300 whereas, Nifty slipped by 26 points closing at 9450 points.
The International Standards Organization Moody’s has for the first time lowered the ratings of China for the first time in 28 years. Not only this, the rising tension between India and Pakistan is already having an impact on trading in India. In fact, the tradeoff in the shares of PSU banks saw a good fall for three days at a stretch, causing their index to lower by 2.27 percent.