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Increase in bond yield, a major setback to market investors, drowns nearly 4 lakh crores


Increase in bond yield, a major setback to market investors, drowns nearly 4 lakh crores 1

New Delhi. Today the stock market saw a big fall, that too in the last one hour. The market began to fall as the US bond yield was reported to be 13 months high. Due to which, the Sensex today closed the day’s high by falling nearly 1100 points. Due to this, the market investors lost Rs 4 lakh crore. At the same time, there has been a big decline in the Nifty. The Nifty closed below the 15 thousand mark. The Sensex has lost over 2000 points in the last five sessions.

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stock market crash
Today the stock market has seen a big decline. The Bombay Stock Exchange’s flagship index Sensex fell by 585.10 points to close at 49,216.52 points as of Wednesday. While speaking from the day’s high level, this decline is about 1100 points. Today the Sensex had reached 50,296.35 points during the trading level. Speaking of this week, the Sensex has seen a fall of more than 2000 points. On March 10, the Sensex had closed at 51,279.51 points. On the other hand, the National Stock Exchange’s major index Nifty fell by 163.45 points to close at 14,557.85 points as of Wednesday. While the Nifty has broken up to 617 points. The Nifty closed at 15,175 on March 10.

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Biggest decline in IT sector
Today the IT sector closed with the biggest single-digit decline. BSE IT declined by 801.82 points. At the same time, both Bank Exchange and Bank Nifty closed down by 466.08 and 372.50 points respectively. Capital Goods 303.29 points, BSE Healthcare 377.83, BSE Tech 305.32, Oil and Gas 201.05, Consumer Durables 99.65, BSE PSU 86.20, BSE Metal 43.47 and Auto declined by 37.39 points.

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IT companies fall
First of all, HCL Technology has seen a decline of 4.02 per cent. On the other hand, Infosys has fallen by 3.60 per cent, Dr Reddy Laboratories 3.29 per cent, Divis Laboratories 3.12 per cent and Hero MotoCorp 2.61 per cent. On the other hand, ITC was up 3.35 per cent, Bajaj Auto 2.66 per cent, Hindalco Industries 1.65 per cent, Grasim Industries 1.51 per cent and Mahindra & Mahindra 1.04 per cent.

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