A decline in the stock market (stock market crash) was seen since this morning. The stock market suffered minor losses in the initial trading, but gradually the decline intensified and soon investors lost their money in the market. 10 lakh crores were washed away. The biggest decline was seen in Bank Nifty, Small Cap and Mid Cap indices. Bank Nifty fell by more than 1100 points, while Sensex fell by 900 points, apart from this Nifty fell by about 300 points and was trading at 24100.
Loss of Rs 10 lakh crore to investors!
The Indian stock market has been trading under pressure for the last few days due to quarterly results and continuous withdrawal of foreign investors. Sensex and Nifty are falling daily. Midcap and smallcap portfolios hit the stock market like a tsunami today. Market cap of companies listed on BSE is Rs. 9.8 lakh crore reduced to Rs 9.8 lakh crore. It is worth Rs 435.1 lakh crore. This means that in just one day the investor’s valuation increases by approximately Rs. 10 lakh crores reduced.
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