Priyanka Tiwari
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There was chaos in the domestic stock market on Friday. The benchmark Sensex of the Bombay Stock Exchange (BSE) fell 1176.46 points in the last trading session of the week and closed at the level of 78,041.59. Similarly, the Nifty of the National Stock Exchange also closed at the level of 23587.50 with a huge fall of 364.2 points. Due to the huge fall in the market, investors suffered huge losses today. Let us tell you that the market cap of companies listed on BSE was 4.49 lakh crores on December 19, which fell to 4.40 lakh crores on December 20. In this way, investors lost 9 lakh crores in a day.
These stocks lost their cool in today’s trade
In Nifty, Trent, Tech Mahindra, M&M, IndusInd Bank, Axis Bank were the biggest losers, while Dr. Reddy’s Labs, Nestle India, ICICI Bank were the gainers. All sectoral indices closed in the red. Realty index fell by 4 percent, Auto, IT, Capital Goods, Metal, Telecom, PSU Bank fell by 2-2 percent. BSE Midcap and Smallcap indices fell by more than 2-2 percent. Nifty IT was the biggest laggard, falling by more than 2 percent. Besides, strong first quarter earnings of Accenture also failed to boost sentiment.
Investors lost ₹18 lakh crore in five days
Today’s decline in the market is due to a sharp increase in FII selling. The decline was seen for the fifth consecutive session. Investors have lost ₹18 lakh crore in the last five days of losses, as the total market capitalization of BSE-listed firms stood at ₹459 lakh crore on Friday, December 13.
All major sectoral indices on NSE declined on December 20. Nifty Realty fell by 4 percent, while the PSU Bank and IT indices declined by around 3 percent. Nifty Metal, Media, Auto and Nifty Bank indices declined up to 2 percent.
Today’s situation in world markets
Global stock markets fell on Friday. Britain’s FTSE 100 fell 0.3% to 8,078.21 and the CAC 40 in Paris dropped 0.9% to 7,226.70. Germany’s DAX fell 0.9% to 19,780.63. The S&P 500 futures were down 0.4% and the Dow Jones Industrial Average was 0.2% lower. Tokyo’s Nikkei 225 index fell 0.3% to 38,701.90 after the release of November inflation data on Friday. The Hang Seng in Hong Kong rose 0.2% to 19,720.70, while the Shanghai Composite index fell 0.1% to 3,368.07, as China’s central bank kept its loan prime rates unchanged on Friday.
Australia’s S&P/ASX 200 fell 1.2% to 8,067.00. South Korea’s Kospi fell 1.3% to 2,404.15. On Thursday, the S&P 500 lost 0.1%. The Dow Jones Industrial Average gained less than 0.1%, while the Nasdaq Composite lost 0.1%.
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