Why is the market collapsing at the end of the year? Sensex fell 1000 points in 2 days; 6 lakh crores of investors

Share Market Crash: Selling continues in the stock market ahead of the US Federal Reserve Bank’s decision on interest rates and uncertainties regarding a possible US trade deal. The sharp decline in the stock market continued for the second consecutive day. Sensex fell 436 points and closed at 84666, while Nifty fell 120 points and closed at 25,839. Amidst this decline, President Donald Trump has also hinted at imposing new tariffs on Indian rice, which has further increased the panic in the market.

The biggest fall in the Sensex was in the shares of Asian Paints, which fell 4.61% and closed at Rs 2,790.90. Tech Mahindra shares fell 1.99%. Other major losers included HCL Technologies, Tata Steel, Maruti Suzuki and Sun Pharma, which fell 1.78%, 1.56%, 1.16% and 1.05%, respectively. Five stocks ICICI Bank, HDFC Bank, Reliance Industries, Asian Paints and Infosys contributed heavily to the Sensex fall.

Main reasons for the decline in the stock market

Regionally, the BSE IT index fell 0.89% to 36,843, leading the decline. BSE Auto Index also closed at 60,973.37 with a decline of 0.63%. There has been a huge decline in the stock market during the last two days. Sensex has fallen by 1045 points, while Nifty has fallen by 345 points. BSE market cap was Rs 470.96 lakh crore two days ago, which has come down to Rs 464.91 lakh crore. If seen accordingly, investors have suffered a loss of about Rs 6 lakh crore in the last two days.

2,126 shares closed with a rise

Overall, out of 4,331 actively traded stocks on BSE, 2,616 closed with gains, 1,550 with losses and 165 unchanged. 67 shares touched their 52-week high, while 512 shares touched their 52-week low. Meanwhile, 169 shares touched their upper circuit and 162 shares hit their lower circuit.

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The tricks of foreign investors spoiled the game

Vinod Nair, Head of Research, Geojit Investments said that domestic stock markets The stock opened on a dovish note, continuing a recent spate of profit-taking as investors turned cautious ahead of US Fed policy results tomorrow. He further said that the weakness in the rupee, foreign institutional investors Continued selling and uncertainty over the US-India trade deal have further impacted market sentiment.