GoodTime Nation - Top WebStories in India

Market collapses before the budget, around 7 lakh crore rupees


Market collapses before the budget, around 7 lakh crore rupees 1

new Delhi. After the Sensex has crossed the 50 thousand mark, the mood of the stock market has deteriorated so far that it is not taking the name of improvement. Since January 21, then the stock market closed with a fall. If we talk about today, the Sensex closed down by about 531 points. While the Nifty 50 lost 133 points. Today, the country’s largest company, Reliance, saw the biggest drop in shares and a lower circuit of 5 percent was started. While the company’s quarterly results were quite impressive.

Profit booking continues in Sensex and Nifty
On 21 January, when the market had crossed the 50 thousand mark, the market started putting back gear on the same day. Since then, the market is running in the opposite direction. On Monday, the Bombay Stock Exchange’s major index Sensex lost 530.95 points to close at 48,347.59 points. While the Sensex has come down by 1836.8 points from the record level. On the other hand, the National Stock Exchange’s major index Nifty 50 fell by 133 points to close at 14,238.90 points. Which has slipped 514.65 points from the record level of 21 January.

Market bust in three days

day Sensex Nifty 50 Market cap
21 January 50,184.01 points 14,753.55 points 199 lakh crores
25 January 48,347.59 marks 14,238.90 points 192 lakh crores
loss 1,836.81 points 514.65 points 7 lakh crores

Big drop in IT and Oil Sector
There was a big fall in the sectoral index. BSE IT 346.01 and oil and gas closed down by 313 points. BSE Mid-cap 214.53 and BSE Small Cap closed down 211.25 points. The CNX Midcap index of foreign investors closed down 203.80 points. BSE Auto 193.09, Consumer durables 174.40, Capital Goods 133.62, BSE Tech 132.24, BSE FMCG 97.95, BSE PSU 78.53 and Bank Exchange declined by 9.02 points. Bank Nifty closed with a slight gain of 31.15 points. On the other hand, BSE Healthcare saw a major gain of 198.02 points. BSE Metal closed with a gain of 21.61 points.

Also read: TCS lags behind after becoming world’s most valuable IT company

Rising and falling stocks
Grasim Industries shares have gained 6.55 per cent today. While UPL closed 3.74 per cent, Cipla 3.53 per cent, Hero MotoCorp 2.96 per cent and Axis Bank 2.16 per cent. On the other hand, today Reliance shares closed down by more than 5 percent. Reliance shares closed down by 5.30 per cent today. IndusInd Bank declined 4.94 percent, HCL Technology 3.89 percent, Tata Motors 3.53 percent and Eicher Motors 3.47 percent.

Huge loss to investors
When the Sensex crossed the 50 mark, the BSE market reached Rs 199 lakh crore. Since then, the market cap of BSE has fallen by Rs 7 lakh crore. Today, the market cap of BSE has reached 1,92,26,221.53 crores. Now you can guess that the investors have lost Rs 7 lakh crore during this period.


Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.