Share Market: Panic in the share market! Sensex closed down by 1236 points; Nifty fell by 365 points

Share Market Highlights: Week in the Indian Stock Market On Thursday, the fourth trading day, it closed in the red with a big fall. During this period, the major benchmark BSE Sensex closed at 82,498.14 with a huge fall of 1,236.11 points or 1.48 percent, while NSE Nifty fell by 365 (1.41 percent) points and closed at 25,454.35. At the time of market closing, all Nifty indices were seen trading in red.

On Thursday, the domestic market opened with a slight rise from its previous close. Due to heavy selling in banking, metal, auto and FMCG stocks, the three-day bullish trend in the domestic market was broken, and Nifty and Sensex came under pressure after losing their initial gains.

Sensex fell to 1400 during trade

In today’s trading session, the 30-share Sensex fell by more than 1,400 points to reach a low of 82,264.20. At the same time, the 50-share Nifty fell by more than 1 percent or 400 points and fell below the level of 25,400. This big fall in the market came due to rising prices of crude oil, increasing tension between America and Iran and profit booking in big companies of banking and FMCG sector.

Heavy fall in all Sensex shares

During this period, all 30 Sensex stocks declined, out of which Indigo, M&M, UltraTech Cement, Trent, BEL, Kotak Bank, Reliance, Tech Mahindra and ITC saw the biggest fall of up to 3.2 percent. In the broader markets, the Nifty Midcap 100 index fell 1.59 per cent and the Smallcap 100 index fell 1.27 per cent.

Investors lost Rs 53 lakh crore

Talking about sectors, Nifty Realty, Nifty Media and Nifty Auto were the biggest losers, falling over 2 per cent each. This was followed by Nifty FMCG and Nifty Private and PSU Bank, which recorded a decline of more than 1 percent. Due to this sharp fall, investors lost wealth worth Rs 53 lakh crore, due to which the total market capitalization (market cap) of BSE came down to about Rs 466 lakh crore.

Also read: Share Market Crash: Big fall in share market, Sensex falls by 1000 points; Thousands of crores of people died due to these 3 reasons

IT shares fell the most

meanwhile, foreign portfolio investors (FPIs) sold IT shares worth Rs 10,956 crore in the first fortnight of February. In the same period, a total of Rs 29,709 crore inflows came into Dalal Street, with IT stocks seeing the biggest decline.