new Delhi. The Indian stock market also collapsed due to a rising outbreak of the Corona virus, HSBC’s $ 80 million Ponzi scam and a tremendous decline in the US, European and Asian markets. The stock market investors lost more than Rs 4.5 crore due to this major fall in the market. Talking about the major indices, the Sensex saw a decline of over 800 points. The Nifty also closed with a fall of over 250 points. The IT sector was flat but on the red mark. At the same time, there is no such sector in which there is no major decline.
The stock market closed today with a big drop
Today the stock market closed with a big fall. The Bombay Stock Exchange’s flagship index Sensex lost 811.68 points to close at 38034.14 points. On the other hand, the National Stock Exchange’s major index Nifty 50 fell by 254.40 points to close at 11250.55 points. BSE small-cap 552.64 and BSE mid-cap 516.21 points closed down. On the other hand, CNX Midcap index of foreign investors closed down by 706.50 points.
IT flat, all the brunt
Talking about the sectoral index, the IT sector closed flat at a modest level of 1.72 points. BSE Auto 742.92, Bank Exchange 739.22, Bank Nifty 740.95, Capital Goods 363.07, Consumer Durables 800.16, BSE FMCG 348.10, BSE Healthcare 790.60, BSE Metal 410.42, Oil & Gas 366.30, BSE PSU 158.78 and BSE Tech 90.39. Closed together.
Big drop in these companies
Today, IndusInd Bank shares witnessed a major decline of 8.58 per cent. Tata Motors closed down 7.07 percent, Hindalco Industries 6.88 percent, JSW Steel 5.70 percent and Tata Steel 5.59 percent. Shares of TCS and Infosys appeared on the green mark. Both have seen a slight increase.
Investors sunk over 4.5 lakh crores
Today, more than 4.5 lakh crore rupees of investors were drowned until the business closed due to the fall in the stock market. In fact, investors’ gains and losses are linked to the market cap of the Bombay Stock Exchange. After the market closed today, the market cap of BSE came to Rs 1,54,42,063.29 crore. Whereas on Friday, the market cap was Rs 1,59,00,118.94 crore. If you look at the difference between the two days, it would be Rs 458055.65 crore. This is the loss of investors.