Tsunami of decline in stock market, Nifty below 23600!
Today was like a nightmare for the indian stock market and trading closed with a tsunami of decline in Sensex-Nifty. FIIs' selling was very high and due to signs of decline in the US markets, valuations in the stock market are decreasing and its effect is being seen on the movement of the domestic stock market. In today's trade, banking, auto, metal, pharma all remained in a bad state and broke new records of decline and closed even lower.
In the stock market today, the BSE Sensex closed at the level of 77,690.95 with a terrible decline of 984.23 points or 1.25 percent. Along with this, the NSE Nifty closed below 23,559.05 with a huge decline of 324.40 points or 1.36 percent. Tata Motors shares declined but returned to the green mark by the time the market closed.
The market capitalization of companies listed on the BSE has come down to Rs 430.45 lakh crore, which was Rs 436.59 lakh crore in the previous trading session. With this, investors' capital has fallen by another Rs 6.14 lakh crore in a day. In two days, investors' capital has evaporated by more than Rs 12 lakh crore. The realty sector closed with a decline of 3.17 percent and the PSU bank sector fell by 3.08 percent. Metal fell by 2.66 percent and auto shares closed down by 2.17 percent. After this, bank Nifty fell by 2.09 percent and mid-small healthcare stocks closed with a weakness of 2.10 percent.
In the stock market today, the BSE Sensex closed at the level of 77,690.95 with a terrible decline of 984.23 points or 1.25 percent. Along with this, the NSE Nifty closed below 23,559.05 with a huge decline of 324.40 points or 1.36 percent. Tata Motors shares declined but returned to the green mark by the time the market closed.
The market capitalization of companies listed on the BSE has come down to Rs 430.45 lakh crore, which was Rs 436.59 lakh crore in the previous trading session. With this, investors' capital has fallen by another Rs 6.14 lakh crore in a day. In two days, investors' capital has evaporated by more than Rs 12 lakh crore. The realty sector closed with a decline of 3.17 percent and the PSU bank sector fell by 3.08 percent. Metal fell by 2.66 percent and auto shares closed down by 2.17 percent. After this, bank Nifty fell by 2.09 percent and mid-small healthcare stocks closed with a weakness of 2.10 percent.