Stock Market Crash: Due to bad signals and heavy selling by domestic and foreign investors, the decline in the Indian stock market has increased and Sensex 1800 is trading with a fall of more than 550 points in Nifty. This decline has occurred in the market due to rapid selling in banking, FMCG, auto and IT shares. Nifty Bank is trading with a decline of 1170 points. There is also a decline in midcap and smallcap stocks. Sensex is currently trading at 82,466 with a fall of 1800 points and Nifty of National Stock Exchange is trading at 25,240 points with a fall of 558 points.
Big fall in L&T shares
The situation of decline in the stock market is such that out of 30 Sensex stocks, 2 stocks are trading with a rise and 28 with a fall. Out of 50 stocks of Nifty, only 4 stocks are rising while 46 stocks are showing decline. Among the rising stocks, JSW Steel is trading with a rise of 1.76 percent, Tata Steel with a rise of 0.30 percent, ONGC with a rise of 0.19 percent, Dr. Reddy’s with a rise of 0.03 percent. Among the falling stocks, L&T is trading with a fall of 41.4 percent, Marut Suzuki 4.05 percent, Asian Paints 4.04 percent, Reliance 3.75 percent, Axis Bank 3.70 percent, Bajaj Finserv 3.70 percent, Bajaj Finance 3.67 percent.
Investors lost Rs 10.58 lakh crore
Investors have suffered huge losses due to the tsunami of market decline. The market cap of stocks listed on BSE has declined by Rs 10.58 lakh crore to Rs 364.28 lakh crore, which was Rs 374.86 lakh crore in the previous session.
