New Delhi: After suffering a decline in four consecutive sessions, the stock market had high hopes from Monday, but due to the stampede among the investors, there was an outcry in the market. By afternoon, the Sensex was trading with a fall of more than 1,900 points and the Nifty was trading at a loss of 596 points. A similar decline was seen during the first wave of Corona in early 2020.
The market dived due to strong selling in Realty, Metal and IT index and reached around 57 thousand. Nifty had also fallen below 17 thousand. Investors have lost around Rs 20 lakh crore so far due to the ongoing fall in the market for the last five trading sessions. Alam was that all of the top 30 stocks listed on the BSE reached the red mark, while 49 out of 50 Nifty stocks showed a decline. In a single day, more than 11 lakh crores of investors were drowned. The Nifty has fallen below 17 thousand after December 27 and has shown the biggest decline since April 12.
The market reached here by noon
The Sensex was trading at 57,325, down 1,759 points at 3 pm. Nifty was also trading at 17,098.45, down 518.65 points. There was a decline of about 5 percent on both exchanges.
Sensex loses 3,300 points in five days
Sensex has lost 3,300 points in five trading sessions due to the continuing fall in the stock market. Nifty has also come down 1,100 points. Both have declined by 5.4%.
These 5 reasons dominate the market
- Selling by foreign investors continues and fears of the US Fed Reserve raising interest rates are causing panic among investors.
- Big fall in tech stocks like Paytm, Cartrade, PB Fintech affected the entire market.
- More than three lakh corona infection cases are being reported daily in the country, which is increasing the fear among investors.
- Due to the increase in the prices of other raw materials including metals, the cost of companies is increasing and they are beginning to see the risk of loss of earnings.
- Consumer consumption is not looking up to expectations due to inflation and off-season rains.
