Market dipped in red, big fall in Sensex-Nifty for the third consecutive day; ₹10 lakh crore cleared from investors

Share Market Highlights: Due to the deepening of the gas supply crisis due to the prolonged US-Iran conflict, the Indian stock market witnessed a big fall on Friday, the last trading day of the week, and major benchmarks Sensex and Nifty closed in the red. This was the third consecutive day when the domestic market witnessed a decline.

At market close, the 30-share BSE Sensex fell 1.93 per cent or 1470.50 points to 74,563.92. At the same time, NSE Nifty fell by 488.05 points or 2.06 percent to 23,151.10.

How was the start of the stock market?

In the day’s trading, the Sensex opened at 75,444.22 and reached the day’s low of 74,454.60, while the Nifty50 opened at 23,462.50 and at one point reached the day’s low of 23,112. The broader market also witnessed a bigger decline than the benchmark indices. A decline of 2.65 percent was recorded in Nifty Midcap index and 2.51 percent decline in Nifty Smallcap index.

Sectoral index is also in bad condition

At the same time, if seen sector wise, Nifty Metal declined by 5 percent and was the most affected among the sectoral indices. Nifty PSU Bank (down 3.72 per cent) and Nifty Media (down 3.56 per cent) also underperformed. Apart from this, a decline of 3.60 percent was recorded in Nifty Auto, 2.44 percent in Nifty Bank, 2.04 percent in Nifty Financial Services, 1.72 percent in Nifty IT and 0.55 percent in Nifty FMCG.

Today’s Top Gainers and Losers

L&T, Hindalco and Tata Steel were the biggest losers in the Nifty50, falling between 7.38 and 5.41 per cent. Apart from this, shares of JSW Steel, Grasim Industries, SBI, HDFC Life, BEL and TMPV were also among the biggest losers. On the contrary, there was a rise in the shares of only 2 companies, which included Tata Consumer Products (up 2.29 percent) and Hindustan Unilever Limited (up 1.17 percent). Along with this, a slight rise of 0.09 percent was recorded in Bharti Airtel.

Also read: Amidst the chaos in the market, Warren Buffet’s advice, ‘When everyone is afraid, then…’, know the secret strategy of investment.

Investors suffer loss due to huge fall

Due to this huge decline in day trading, investors suffered huge losses. BSE listed companies The total market cap of India fell to around Rs 430 lakh crore from around Rs 440 lakh crore the previous day, causing a loss of around Rs 10 lakh crore to investors in a single day.