Stock Market Crash On 22 October 2024: Tuesday’s trading session has proved to be very inauspicious for the Indian stock market. There was an outcry in the market due to selling by foreign investors. During the day’s trade, Sensex plunged by 1000 points and Nifty by 330 points. Midcap and smallcap stocks have witnessed a tsunami of decline for the second consecutive day. Due to this fall in the stock market, investors lost Rs 8.50 lakh crore. At the closing of the market, BSE Sensex fell by 930 points at 80,220 and National Stock Exchange’s Nifty closed at 24,472 points with a fall of 310 points.
Rs 9 lakh crore of investors up in the air
Investors have suffered huge losses due to the storm of decline in the Indian stock market. The market cap of stocks listed on BSE closed at Rs 444.79 lakh crore, which was Rs 453.65 lakh crore in the last trading session. Investors have suffered a loss of Rs 8.84 lakh crore in today’s trade. Whereas in the last two sessions, investors lost Rs 14 lakh crore.
Stocks falling flat
Out of 30 Sensex stocks, only one stock closed with gains while 29 closed with losses. Of the 50 Nifty stocks, 3 closed with gains and 47 closed with losses. Among the rising stocks, ICICI Bank closed with a rise of 0.74 percent, Nestle 0.10 percent, Infosys closed with a rise of 0.04 percent. Whereas BEL closed with a fall of 3.79 percent, Mahindra & Mahindra 3.63 percent, Coal India 3.36 percent, Adani Enterprises 3.29 percent, SBI 2.97 percent, Power Grid 2.79 percent.
Fall in stocks of all sectors
There has been a decline in all sectors in today’s trade in the market. Nifty Bank closed down by 705 points, Nifty Energy by 975 points. Apart from this, shares of all sectors like consumer durables, oil metals, pharma, FMCG, IT, auto, oil and gas closed falling. Nifty Midcap index closed at 1503 points and Nifty Smallcap index fell by 736 points. Due to this decline in the market, India Vix closed at the level of 14.39 with a jump of 4.58 percent.
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