Indian Stock Market closed with a huge decline!
The indian stock market closed with a huge decline on the last trading session of the week and for the fifth consecutive day. Heavy fluctuations were seen in the market throughout the day. The market opened with a decline in the morning but during the day, Sensex gained 870 points and Nifty gained 235 points. But before the end of trading, strong profit booking returned in the market again and Sensex fell 1835 points and Nifty 520 points from the day's high. This decline in the market has come due to selling in FMCG, banking and energy stocks. At the end of trading, Sensex closed with a decline of 808 points at 81,688 and National Stock Exchange's Nifty closed with a decline of 200 points at 25049 points.
Investors suffered a loss of Rs 3.70 lakh crore
Due to the sell-off in the market, investors have suffered heavy losses even today. The market cap of the stocks listed on BSE has closed at Rs 461.05 lakh crore, which was closed at Rs 465.05 lakh crore in the last session. That is, investors have suffered a loss of Rs 3.70 lakh crore in today's session. This week, the market cap of the indian stock market has fallen by Rs 17 lakh crore.
Rising and falling shares
Out of the total 4054 shares traded on BSE, 1532 shares closed with gains and 2386 shares closed with losses. Out of the 30 shares of Sensex, 8 closed with gains while 22 closed with losses. Out of the 50 shares of Nifty, 13 closed with gains and 37 closed with losses. Among the rising stocks, Infosys closed with a gain of 1.33%, Tech mahindra 0.83%, Tata Motors 0.51%, Axis bank 0.50%, tcs 0.42%, sbi 0.28%, HCL Tech 0.27%. Among the falling stocks, mahindra & mahindra closed with a loss of 3.58%, Bajaj Finance 3.01%, Nestle 2.85%, Asian Paints 2.49%.