Share Market Crash: The chaos in the share market is not stopping. Sensex has been crashing for the last six business days. When the market fell on Monday, Sensex was once again seen crossing 82 points. However, due to the conflict between Iran and Israel and the boom in the Chinese market, the Indian stock market kept falling. Sensex closed with a fall of 550 points. Due to this chaos in the share market, investors lost 8.5 lakh crores today.
stock market crash
Indian stock markets closed with losses in Monday's trading session. The market witnessed a decline all around. At the end of trading, the Sensex closed at 81,050 with a decline of 638 points or 0.78 percent and the Nifty closed at 24,795 with a decline of 218 points or 0.87 percent. Due to the decline in the market, the market cap of all the companies listed on the Bombay Stock Exchange (BSE) decreased by Rs 9 lakh crore to Rs 452 lakh crore. In Friday's trading session, it was at Rs 461 lakh crore.
Midcap and smallcap witnessed a bigger decline than largecap. Nifty Midcap 100 index fell 1,174 points or 2.01 percent to 57,300 and Nifty Smallcap 100 index fell 515 points or 2.75 percent to 18,242. Almost all the indices except the IT index closed in red. Auto, PSU Bank, Fin Service, Pharma, FMCG, Metal, Realty, Media, Energy, Infra, Private Bank, and PSE saw the biggest decline. ITC, Bharti Airtel, M&M, Infosys, Bajaj Finance, TCS, and Tech Mahindra were the top gainers in the Sensex pack. NTPC, SBI, Power Grid, IndusInd Bank, Axis Bank, HDFC Bank, Titan, UltraTech Cement, Tata Steel, Reliance, JSW Steel, Nestle, L&T, HUL and Kotak Mahindra Bank were the top losers.
Market experts say that the Indian stock market has gone into a consolidation phase. It is underperforming compared to other Asian markets. The market is witnessing a decline due to premium valuation. Due to attractive valuation in the Chinese markets, foreign investors are going there and are continuously selling in the Indian markets. Also, due to the increase in the price of crude oil, there is pressure on the Indian markets.
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