Share Market Updates: The stock market, which has been witnessing a steady decline in several trading sessions of the last week, has become a ruckus since the beginning of this week. By the time of half the business, both the benchmark indices have registered a tremendous decline. The BSE Sensex recorded a fall of more than 1100 points after 12 noon and Nifty also fell. NSE Nifty had also come down to the level of 17,400. At 12.25 pm, the Sensex was down 1,133.62 points or 1.90% and the index was trading at 58,502.39. At the same time, during this period, Nifty was down by 338.00 points or 1.90% at the level of 17,426.80.
At 1 pm, the Sensex had improved slightly to 965.28 points, but it was still recording a decline of 1.62% and it was at the level of 58,670.73. Nifty was at the level of 17,483.30 with 1.58% or 281.50 points.
If we talk about the opening, then today the market started with a fall. At 9.20 in the morning, the Sensex was recording a fall of 317.57 points and was at the level of 59318.44. On the other hand, Nifty fell 87 points and was recorded at the level of 17,677.80.
If we look at the last week, then the Sensex remained in decline for three consecutive days. At the same time, the market capitalization of nine of the top 10 Sensex companies fell by Rs 1,47,360.93 crore. Reliance Industries was the biggest loser. Infosys was the only company in the list of top 10 companies whose market capitalization increased during the week.
The market valuation of Reliance Industries declined by Rs 75,961.53 crore to Rs 15,68,550.17 crore during the week. Similarly, the market capitalization of Tata Consultancy Services (TCS) declined by Rs 18,069.87 crore to Rs 12,85,660.79 crore.