Stock market breaks 1300 points from record level; investors lose Rs 5.5 lakh crore in two days

By Anupreet Kaur On Jan 22, 2021

new Delhi. After hitting a record 50,184 on Thursday, the kind of profit-booking in the stock market, it continued on Friday. Sensex broke 1300 points from the record level till the market closed today and investors lost Rs 5.5 lakh crore in two days. Today, Axis Bank and SBI shares fell sharply. At the same time, the steel company’s stock also saw a decline. The banking sector today broke down to over 1,000 points. At the same time, the auto sector saw a decline of more than 350 points. While IT closed at a flat level.

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Big fall in stock market
Today the stock market saw a big decline. On Friday, the Bombay Stock Exchange’s major index Sensex fell by 746.22 points to 48,878.54 points. While the National Stock Exchange’s leading index Nifty lost 218.45 points to close at 14371.90 points. The special thing is that the Sensex has seen a decline of 1305.46 points from the record level. While the Nifty record has been broken by 381.65 points.

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Big fall in banking sector
First of all, in the banking sector, Bank Exchange 1105.95 and Bank Nifty declined by 1019.60 points. Consumer durables closed down by 510.78 points. BSE Metal 452.35, BSE Healthcare 250.63, Oil and Gas 225.31, BSE PSU 147.23, Capital Goods 124.08, BSE FMCG 23.10 and BSE Tech were down by 15.88 points. At the same time, auto sector BSE Auto closed up by 347.18 points and BSE IT by 7.74 points.

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Bajaj Auto up 10 percent
Today, Bajaj Auto shares have seen a gain of 10.43 per cent. Hero MotoCorp closed up 3.93 percent, Hindustan Unilever 1.76 percent, Eicher Motors 1.57 percent and Tata Consultancy Services 0.89 percent. On the other hand, Axis Bank closed 4.64 per cent, JSW Steel 4.55 per cent, Asian Paints 4.41 per cent, Hindalco Industries 3.90 per cent and State Bank of India shares down 3.78 per cent.