STOCK MARKET CRASHED: The Indian stock market has also been hit by the huge fall in the US market. A tremendous fall is being seen in the stock market on Monday.
Both Sensex and Nifty are facing one of the biggest losses in history. Crores of rupees have flown out of the hands of investors.
Huge turmoil in the market
The domestic stock market has been shaken today due to signs of recession in the US and the possibility of a possible war between Israel and Iran.
Sensex and Nifty saw a huge fall in early trade. Sensex opened at 78588, down 2393 points, while Nifty opened at 24302 with a huge fall of 414 points.
JSW Steel and Tata Motors have declined up to 100 percent. Tech Mahindra has fallen by about 7 percent. Infosys and Adani Ports have registered a decline of more than 6 percent.
Shock to investors
This huge fall has caused a loss of crores of rupees to investors in the stock market. Last week, due to the fall in the market on Friday, investors had lost about Rs 4 lakh crore, while on Monday, about Rs 10 lakh crore slipped out of the hands of investors in a few minutes.
Talking about the BSE market cap, was Rs 457.16 lakh crore when the market closed last Friday, but with the fall of more than 1500 points in the Sensex, the market capitalization of BSE came down to Rs 446.92 lakh crore in one go. According to this, investors have suffered a loss of Rs 10.24 lakh crore.
This fall did not stop here, but it kept increasing as the business progressed. By 11 am, the Sensex fell 2037 points to reach the level of 78,944 and the Nifty fell 661 points to reach the level of 24,056.
With further decline in the market, the loss in the market cap of BSE also increased and investors suffered a loss of Rs 18.33 lakh crore.
Due to the fall of more than 2000 points in the Sensex, the market cap of BSE decreased to Rs 443.29 lakh crore, whereas last Friday it was Rs 457.16 lakh crore.
Big shares fell sharply
Among large-cap companies, the share of Tata Motors fell by 4.28% to Rs 1050, while the share of Tech Mahindra fell by 3.17% to Rs 1462. The share of Tata Steel also fell badly from the beginning and it slipped by 3.89% to reach Rs 150.
Talking about mid-cap companies, the share of Madrasan slipped 7.53% to Rs 178, the share of LIC Housing Finance fell 6.26% to Rs 701.60 and the share of Bharat Forge slipped 5.44% to Rs 1565.30.
Talking about small-cap companies, the share of Nucleus included in this category fell 13.28% to Rs 1304.90, and the share of ACI fell 7.16% and traded at Rs 712.
Apart from this, the share of Kirloskar Brothers slipped 6.96% and traded at Rs 2087, while the share of Phoenix Limited fell 6.98% to Rs 3223.