Stock Market Crash: There has been a tsunami of decline in the Indian stock market today and the reason behind this is the decline in global markets. Due to the severe decline in the US markets, the domestic stock market has opened with a fall. Bank Nifty has opened with a fall of more than 650 points and has fallen by 800 points to 50560 in the opening minutes. There is a huge decline in Reliance Industries in the market and it is witnessing a decline of 2-2.5 percent. India VIX is up 18 percent today and this shows that there is huge instability in the market.
The market opened at such a terrible drop
On the first day of the week, the Indian stock market has opened with a huge fall. The BSE Sensex has opened at 78,588 with a fall of 2,393.77 points or 2.96 percent. Apart from this, the NSE Nifty has opened at 24,302 with a fall of 414.85 points or 1.68 percent.
Earthquake in the market in pre-open itself
In the pre-opening of the stock market today, the BSE Sensex was trading at the level of 77207.14 with a terrible fall of 3774.81 points or 4.66 percent. At the same time, the NSE Nifty was trading at 24112.60 points with a tremendous fall of 605.10 points or 2.45 percent.
Why is this decline seen in global markets
The impact of the fall in American markets on Friday and the tsunami of fall in Asian markets today is also being seen on the domestic stock market.
Investors lost more than Rs 13 lakh crore
With the opening of the market, investors have lost more than Rs 13 lakh crore on BSE as the market cap of BSE has come down to Rs 444.35 lakh crore. On Friday, the market cap of BSE was Rs 457.21 lakh crore. In this way, Rs 13 lakh crore has been wiped out from the market with the opening of the market.
3325 stocks are being traded on BSE and out of these 2770 stocks are trading at a decline. Here only 413 stocks are rising and 142 stocks are trading without any change. BSE Midcap is down by 3.13 percent and BSE Smallcap is down by 3.84 percent. BSE Smallcap is seeing a decline of 3.65 percent.
US stock market fell sharply on Friday
On Friday, the major US indices on Wall Street registered a massive decline of about 2.5 percent. The main index of the US stock market, the Dow Jones Industrial Average, fell 610.71 points or 1.51 percent and closed at 39,737.26 points. At the same time, the S&P 500 saw a decline of 1.84 percent. The tech stock focused index Nasdaq Composite fell 2.43 percent to close at 16,776.16 points.
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