Earthquake in the stock market!! Drowning investors!!!
The stock market got off to a bad start on thursday, with the bombay Stock Exchange's index Sensex opening with a significant plunge of 1850 points.
After a while, it improved marginally and is now trading at 55,802, down 1430 points. Meanwhile, it has fallen 1805 points to 55,426.
On thursday, the indian stock market was shaken by the confrontation between russia and Ukraine. The bombay Stock Exchange index Sensex started trading on thursday with a significant plunge of 1850 points.
After a while, things started to look up, as the index dropped 1430 points to 55,802. However, the decline has escalated for the time being, with the Sensex plummeting 1805 points to 55,426. Investors lost Rs. 8 lakh crore in just a few minutes of trade.
The impact of conflict, on the other hand, can be seen on the National Stock Exchange's Nifty, which started at 16,648 following a huge 414-point plunge.
Approximately 270 shares have gained, 1853 shares have declined, and 79 shares have remained constant since the market started.
While all 30 Sensex companies fell, UPL, Tata Motors, IndusInd Bank, Tata Steel, and icici bank were the Nifty's biggest losers. Nestle was the only company to make a profit, although a small one.
TCS, Wipro, HCL Tech, hdfc, SBI, mahindra & mahindra, Bajaj Finserv, hdfc bank, Infosys, Axis Bank, Bajaj Finance, Maruti, Dr. Reddy's, Hindustan Unilever, and ITC all saw their stock prices drop by up to 3%. The stock prices of PowerGrid, reliance Industries, Asian Paints, Kotak Bank, Titan, Nestle, sun Pharma, and NTPVC all fell by 1%.
On Wednesday, the stock market opened in the green, but it was unable to maintain the first advance and ended the day in the red. The Sensex dropped 68 points to 57,232, while the Nifty dropped 29 points to 17,063.