Suspense Crime Sach Ka Dam
The decline in the Indian stock market that started in October is continuing. During this period, stock market investors have suffered losses worth lakhs of crores of rupees. BSE’s major index Sensex and NSE’s Nifty 50 are continuously going through a huge decline after reaching record highs this year. Nifty 50 has fallen more than 10 percent from its record high in September amid selling by foreign investors, weak second-quarter results, and increased valuation.
Nifty 50 fell 10.44 percent from an all-time high.
The BSE Sensex had reached its all-time high of 85,978.25 on September 27 this year. Nifty also touched an all-time high of 26,277.35 on the same day. However, since the beginning of October, the markets have been hit by a terrible decline. Sensex has fallen 8,397.94 points (9.76 percent) from its all-time high. Nifty is also down 2,744.65 points (10.44 percent) from its record high.
There are many big reasons behind the fall in the Indian stock market.
Santosh Meena, Research Head, Swastika Investment Ltd, said, “High valuations had already raised concerns, but the stimulus package in China diverted the flow of foreign institutional investors (FIIs) from India to China. The weak second-quarter results further fueled this exodus. Apart from this, the rise in US bond yields and the dollar index further increased the pressure on the Indian stock market, which increased the selling by FIIs.
Foreign investors withdrew Rs 94,000 crore in October.
Foreign investors withdrew money from the Indian stock market in October by selling shares worth Rs 94,000 crore. Santosh Meena said that the biggest disappointment in this quarter came from FMCG stocks, where expectations of strong earnings were not met. Let us tell you that the Indian market also registered a decline on Thursday, although this decline was not very painful. On Thursday, the BSE Sensex closed at 77,580.31 points with a loss of 110.64 points and the Nifty 50 also closed at 23,532.70 points with a decline of 26.35 points.
