Share Market: Investors drowned 2.36 lakh crores on the first day of the week, Sensex took a dive of 1,172 points BSE Market Cap: Heavy selling was seen in the indian stock markets on monday due to weak results of many companies and turmoil at the global level.

The beginning of the week was not good for the indian stock market. The 30-share index Sensex of the bombay Stock Exchange (BSE), closed at 57,166.74 on monday with a dive of nearly 2 percent, or 1172 points. With this, about 2.36 lakh crores of the investors in the stock market were drowned.

Heavy selling was seen in the indian stock markets on monday due to the weak results of many companies and turmoil at the global level. The market capitalization of companies listed on the BSE declined to Rs 269.59 lakh crore on monday from Rs 272.03 lakh crore at the close of business on Wednesday, april 13. In this way, the value of the money invested by investors in these companies decreased by about 2.36 lakh crores on Monday. During the day's trading, the market value of these companies had come down by about Rs 4 lakh crore.

Infosys on monday released its march quarter results, which fell below market expectations. After this, shares of most IT companies including Infosys saw a sharp decline. Along with this, there was a significant decline in the shares of companies in the banking and financial sector, telecom, capital goods, and healthcare sector.

Fears of slowing global economic growth, intensifying war in ukraine again, weak signs in global stock markets, continuous increase in cases of corona in China, increased crude oil prices and a rise in the US dollar index have also contributed to the reasons for Monday.

Meanwhile, after the retail inflation, the government has now suffered a major setback on the wholesale inflation front. In march, the wholesale inflation rate rose to 14.55 percent from 13.11 percent in February. Meanwhile, maruti and mahindra & mahindra have announced to increase in the prices of their vehicles.

Among the companies included in the Sensex 30, Infosys was the biggest loser at 7.14 percent. Apart from this, shares of hdfc Ltd., hdfc bank, Tech mahindra, Wipro, and tcs saw a fall of 3.5 to 4.5 percent. While NTPC, Tata Steel, Maruti, Titan, Nestle, and mahindra & mahindra are among the gainers.

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