Stock market crashed due to big selling in IT shares, Sensex fell by 1069 points, Nifty weakened by 288 points.

Mumbai24 February. Domestic stock markets crashed on Tuesday due to major selling in information technology (IT) stocks amid challenges related to artificial intelligence (AI) and global trade uncertainties. BSE Sensex fell by 1,069 points to close at 82,200 while NSE Nifty fell by 288 points and stood slightly above 25,400.

Stock market analysts believe that the rise in crude oil prices due to increasing tension between America and Iran also affected investor sentiment.

Sensex 1.28 percentage breakdown 82,225.92 closed on points

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares fell 1,068.74 points or 1.28 percent to close at 82,225.92 points. At one point during trading, it fell 1,359.93 points to 81,934.73. Among Sensex related companies, shares of 22 remained in the red and only eight remained strong.

nifty 1.12% with the loss of 25,424.65 closed on points

On the other hand, the 50-share sensitive index Nifty of National Stock Exchange (NSE) also closed at 25,424.65 points with a loss of 288.35 points or 1.12 percent. During trading it slipped 385.4 points to 25,327.60. Among Nifty related companies, shares of 17 were in profit while 33 were in decline. In the broader market, BSE Smallcap Select index of small companies fell by 0.68 percent and Midcap Select index of medium companies fell by 0.54 percent.

of investors 3.38 Lakhs of crores of rupees lost

The total market capitalization of companies listed on BSE declined to Rs 465.81 lakh crore in a single session, which was Rs 469.19 lakh crore on the previous trading day. Thus, the market cap of companies listed in BSE decreased by about Rs 3.38 lakh crore. In other words, there was a decline of about Rs 3.38 lakh crore in investors’ wealth.

Tech Mahindra’s shares are the highest 6.6 percent weak

Among the IT companies included in the Sensex group, Tech Mahindra’s shares weakened the most by 6.6 percent. Apart from this, shares of HCL Tech, Infosys, Tata Consultancy Services and Larsen & Toubro also declined. On the contrary, bullish trend was seen in NTPC, Reliance Industries, Tata Steel and Sun Pharma.

FII has 3,483.70 net purchases worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) made net purchases of Rs 3,483.70 crore on Monday while domestic institutional investors made net sales of Rs 1,292.24 crore. Meanwhile, international oil standard Brent crude rose 0.22 percent to $ 71.66 per barrel.