Wednesday, October 4th, 2023

Investors got the biggest shock in the stock market in three months, Rs 8 trillion capital wiped out

Stock Market Loss: The Indian stock market has fallen sharply due to the terror of Corona in China. During a week, investors in the stock have faced huge losses (Big Loss in Stock Market). Investors’ amount of Rs 19 lakh crore has sunk within just 7 days. If we talk about Friday only, the investors have suffered a loss of Rs 8.26 lakh crore.

Talking about the three-month decline of the stock market, there has been a loss of Rs 8.33 trillion. This decline has happened due to the increase in the cases of Kovid in China and other countries around the world and the aggressive rate hike by the US Federal Reserve. On Friday, the National Stock Exchange’s Nifty index closed at 17,806.8, down 1.77 per cent, while the Sensex closed at 59,845.29, down 1.6 per cent. This is the sharpest fall in the Sensex since September 16 and the Nifty since September 23.

47 out of 50 Nifty stocks declined

Out of the Nifty 50 index, 47 stocks have seen a big decline. Adani Ports fell 7 per cent on Friday, closing at Rs 794 per share. Shares of Adani Group’s Adani Enterprises fell 5.85 per cent to close at Rs 3,642 per share. Similarly, other stocks including Tata Motors, Tata Steel and Hindalco also fell by 4.5 per cent to 7 per cent on Friday.

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More than 8 lakh crore loss on Friday

On Friday i.e. December 23, 2022, investors faced the biggest decline during a week. Investors have suffered a loss of Rs 8.26 lakh crore in a single day. There has also been a decline in the market capitalization of all the BSE listed companies. It was Rs 280.55 lakh crore on 22 December, which reached Rs 272.29 crore on 23 December.

Foreign investors sold shares worth Rs 706.84 crore

On Friday, foreign investors sold shares worth Rs 706.84 crore in the Indian market, while domestic investors bought shares worth Rs 3,399 crore. This means that retail investors trading in the market have sold shares in all sectors, especially small-cap and mid-cap. Talking about the rupee, the Indian currency has fallen by 10 paise to 82.86 against the dollar.

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