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Share Market Update: There is a big decline in the Indian stock market in the day’s trade. Sensex has slipped 1,100 points due to global cues and profit-booking by investors. So the index Nifty of the National Stock Exchange is seeing a decline of more than 300 points. At present, the Sensex is down by 1049 points at 58,892 and the Nifty is trading at 17,551 points with a fall of 325 points.
Due to heavy selling, shares of all sectors are trading in red mark in the market. Bank Nifty is trading at 40,593 points down 1.49 per cent i.e. 615 points. Nifty Auto is trading with a decline of 3.33 percent, Nifty IT 3.02 percent, Nifty FMCG 1.64 percent i.e. 723 points. Shares of oil and gas sector, consumer durables are also trading with a decline.
Out of 50 stocks of Nifty, only 2 stocks are trading in the green, the remaining 49 stocks are in decline. So out of 30 stocks of Sensex, only one share is trading in green mark. The remaining 29 stocks are trading in the red mark. Mahindra’s stock is the biggest fall in the Sensex and the stock is trading at Rs 1237.90 with a fall of 4.55 percent. At the same time, only IndusInd Bank’s stock is trading in the green mark.
Big loss to investors
Due to the huge fall in the stock market, there has been a big dent in the wealth of the investors. The market cap of BSE has decreased by Rs 5 lakh crore. The market cap has come down from Rs 285.9 lakh crore to Rs 280 lakh crore.
why the market fell
It is believed that the US Federal Reserve may increase interest rates for the third time in a row. Next week is the Fed Reserve meeting. In which a decision can be taken to increase interest rates to curb inflation. Due to which there is a sell-off in the market.
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