In four days, the Sensex has broken by more than 2,400 points. At the same time, Nifty has fallen by more than 700 points. Market investors have lost about Rs 10 lakh crore.
Share market fell 2,400 points in four days, investors lost Rs 10 lakh crore
share market The trend of decline continued for the fourth consecutive day on Tuesday and the BSE Sensex fell nearly 340 points to close below 58,000. This is the first time after October 14 that Share Market The major index Sensex has closed below 58 thousand points. In these four days, the Sensex has lost more than 2,400 points. At the same time, Nifty has fallen by more than 700 points. Market investors have lost about Rs 10 lakh crore. After the failure of two banks in America, there was a decline in auto, IT and financial stocks.
Stock market collapsed in four days
The Bombay Stock Exchange’s flagship index Sensex fell by 337.66 points, or 0.58 per cent, to close at a five-month low of 57,900.19 points. On October 14, 2022, the Sensex appeared at the level of 57,900. In these four days, the Sensex has fallen by 2,447.9 points. On the other hand, the National Stock Exchange’s flagship index Nifty also closed at a five-month low of 17,043.30 points, down 111 points, or 0.65 percent. Nifty has lost 711.1 points due to the fall of four consecutive days.
According to analysts, continued outflow of capital by foreign institutional investors, investors moving away from riskier assets and fall in the rupee against the dollar weighed on market sentiment.
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Which stocks fall and rise
Mahindra & Mahindra lost the most in the Sensex stocks, about three percent. Apart from this, TCS, Bajaj Finance, Wipro, Kotak Bank, Tech Mahindra, HCL Tech and Tata Motors were also major losers. On the other hand, Titan, Bharti Airtel, ICICI Bank and L&T were among the gainers. In these, there was a speed of 0.93 percent.
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what do experts say
Religare Broking Ltd. Vice President (Technical Research) Ajit Mishra said that the market is affected by global activities. We will get to see the effect of inflation data in the US in the early trade on Wednesday. Some relief is expected after the recent fall in the market. It is noteworthy that the US regulators decided to shut down Signature Bank on 12 March. Just two days before this, it was decided to close the Silicon Valley Bank. Its effect is being seen in the market.
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condition of foreign markets
In other markets of Asia, China’s Shanghai Composite Index, Japan’s Nikkei, Hong Kong’s Hangseng and South Korea’s Cospi were in heavy losses. However, there was a mixed trend in the afternoon trading in the major markets of Europe. Major indices on Wall Street were in losses on Monday. Meanwhile, international oil benchmark Brent crude declined by 1.56 per cent to trade at $79.51 per barrel. Foreign institutional investors sold shares worth Rs 1,546.86 crore on Monday, according to stock market data.
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