Mumbai12 May. Emerging signs of war between America and Iran once again and rising prices of crude oil have affected investor sentiment to such an extent that the domestic stock market witnessed a huge decline of more than 1.50 per cent on Tuesday for the second consecutive day. However, this was the fourth consecutive trading session when both the benchmark indices closed in the red.
Amid all-round buying, BSE Sensex fell below 75,000 points by falling 1,456 points, while NSE Nifty fell below 23,500 points falling 436 points. Investor sentiment was also affected by continued capital outflows by foreign institutional investors (FIIs) and the rupee falling to an all-time low.
Sensex 1,456.04 breaking points 74,559.24 off on
Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 74,559.24, falling 1,456.04 points or 1.92 percent. During trading, it fell 1,565.78 points to 74,449.50. Among Sensex related companies, shares of 29 showed weakness while only one (State Bank of India) remained strong.
nifty 1.83 by percentage dive 23,379.55 closed on points
On the other hand, the National Stock Exchange (NSE)’s standard index Nifty based on 50 shares also closed at 23,379.55 points with a decline of 436.30 points or 1.83 percent. Among Nifty related companies, shares of 47 declined and three closed higher.
to investors ₹Loss of more than Rs 9.58 lakh crore
The effect of the huge fall in the stock market was that the total market capitalization of the companies listed on BSE came down to ₹ 4,56,99,945.78 crore today, which was ₹ 4,66,58,569.68 crore on the previous trading day i.e. on May 11. In this way, the market cap of companies listed on BSE decreased by approximately ₹ 9,58,624 crore in a single session. In other words, investors suffered a loss of more than ₹ 9.58 lakh crore.
Tech Mahindra shares fell the most by 4.44 percent
Among the stocks included in the Sensex group, Tech Mahindra shares fell the most by 4.44 percent. Adani Ports, HCL Tech, Tata Consultancy Services, Titan and Bharat Electronics were the major losers. Only State Bank of India remained bullish.
Rupee falls 35 paise to lowest level of 95.63 against dollar
The rupee on Tuesday fell by 35 paise to its lowest level of 95.63 (provisional) against the dollar. On the other hand, global oil standard Brent crude rose by 2.75 percent to reach $ 107.1 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 8,437.56 crore on Monday.
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