Earthquake in the stock market, Sensex closed down by 931 points, Nifty also crashed, investors lost so many crores

Investors in the domestic stock market have suffered a major setback on Tuesday. There was a tremendous earthquake in the stock market. As a result, the benchmark Sensex of the Bombay Stock Exchange (BSE) fell 931 points to close at 80,220.72. The Nifty of the National Stock Exchange (NSE) also closed at 24,472.10 today, falling 309 points. The biggest losses on the Nifty were in the shares of Adani Enterprises, M&M, Bharat Electronics, Coal India, and Tata Steel. Despite such a huge decline in the market, ICICI Bank, Nestle India, and Infosys saw a rise. The total market capitalization of companies listed on the BSE fell from about ₹ 453.7 lakh crore in the previous session to about ₹ 444.7 lakh crore. Due to this, investors lost about ₹ 9 lakh crore in a single day.

All sectoral indices are closed in red.

According to the news, all sectoral indices closed in the red with auto, capital goods, metal, power, realty, telecom, media, and PSU banks. The BSE midcap index fell by 2.5 percent and the smallcap index by 3.8 percent. The BSE midcap index fell by 2.5 percent and the smallcap index by 3.8 percent.

Why did the market fall so much?

According to the news of Livemint, experts say that the increase in geopolitical tensions, uncertainty about the 2024 US elections, and continuous selling by foreign portfolio investors (FPIs) are badly affecting the market sentiment. This has continuously weakened the confidence of investors in the market and they are withdrawing their money. Also, the disappointing earnings of the September quarter and the increased valuation of the Indian stock market are contributing to the decline in the market.

Only three stocks closed in the green mark.

Only three stocks in the Nifty 50 – ICICI Bank (up 0.74 percent), Nestle (up 0.10 percent) and Infosys (up 0.04 percent) closed in the green. Among sectoral indices, Nifty PSU Bank (down 4.18 percent), Realty (down 3.38 percent), and Metal (down 3 percent) declined the most. Nifty Auto, Media, Consumer Durables, and Oil & Gas fell over 2 percent. The Nifty Bank index fell 1.36 percent, while the Private Bank index declined 0.97 percent.