Huge fall in share market, investors lost 5 lakh crores
Share Market The market has been facing constant instability for the last few days. The total market cap of BSE-listed companies fell from 403.4 lakh crores in the previous session to about 398.4 lakh crores. Due to which the money of the investors was lost.
Pooja Mehrotra
Share Market
Investors have lost almost 5 lakh crores on Tuesday. The stock market has been going through a phase of instability for more than a week. And investors' money is constantly sinking.The market started with a gain on tuesday, but the benchmark indices fell continuously during trading and the benchmark indices closed with a significant loss.Domestic indices started trading with a positive trend on tuesday, but later the market continued to face instability and started trading flat. The 30-share BSE index Sensex rose 123.82 points to 74,019.36 in early trade, but by afternoon, heavy selling was seen in the midcap and smallcap segments.
Sensex fell 384 points due to selling in hdfc bank, reliance Mumbai, May 7 (Language) local stock markets declined on tuesday and the BSE Sensex fell 384 points. The market came down due to selling in hdfc bank, reliance Industries and icici bank amid concerns over high stock valuations. The 30-share Sensex closed at 73,511.85 points, down 383.69 points or 0.52 percent. At one time during trading, it had slipped to 636.28 points.
The National Stock Exchange's Nifty also closed at 22,302.50 points, down 140.20 points or 0.62 percent. Among the Sensex stocks, Power Grid, IndusInd Bank, Tata Motors, JSW Steel, NTPC, HCL Technologies, Tata Steel, icici bank, mahindra & mahindra, Axis Bank, hdfc bank and reliance Industries were the major losers. The BSE Midcap index fell more than 2 per cent during the session, while the BSE Smallcap index fell by nearly 2 per cent. india VIX jumped nearly 6 per cent to 17.6. Let us tell you that india VIX is a standard to measure volatility in the stock market. Let us tell you that the Sensex closed at 73,511.85, down 384 points or 0.52 per cent. Shares of icici bank, hdfc bank, reliance Industries and Power Grid were on top. The Nifty closed 140 points or 0.62 per cent lower at 22,302.50, with 34 stocks in the red. Investors lost Rs 5 lakh crore.Let us tell you that the total market cap of BSE-listed companies fell from Rs 403.4 lakh crore in the previous session to about Rs 398.4 lakh crore, causing investors to lose about Rs 5 lakh crore in one go.
