stock market / Sensex loses 1751 points Nifty slips 541 points 9 lakh crores of investors lost

On the first day of the week in the stock market, there was a huge fall on Monday. The Sensex has broken 1751 points to reach 55,259 at this time. Due to this, the market cap had come down by Rs 5.53 lakh crore to 253.94 lakh crore in the first 60 seconds. At present it is Rs 250.85 lakh crore i.e. there has been a decrease of 9 lakh crore. On Friday, it was Rs 259.47 lakh crore.

The market was down 494 points

The Bombay Stock Exchange (BSE) Sensex lost 494 points to open at 56,517 today. However, it also made a low of 56,104 in the very first minute. Sun Pharma is the only gainer in 30 Sensex stocks. The rest of its 29 shares have a huge decline. Tata Steel and SBI fell over 4-4%, while HDFC Bank, IndusInd Bank, Bajaj Finserv, Mahindra & Mahindra, UltraTech, Axis Bank, Bajaj Finance, Airtel, Tech Mahindra lost over 3-3%.

Maruti, Reliance and Titan also broke

Shares of Maruti, NTPC, Kotak Bank, Reliance, ITC, Titan are also trading in the market with a loss of more than 2-2%. Almost all the indexes of Sensex are in decline. On the other hand, the Nifty of the National Stock Exchange has also fallen by 541 points to reach 16,443.

Only 2 stocks of Nifty are up

Out of 50 stocks of Nifty, 48 stocks are in decline and only 2 are trading in gains. Its Mid Cap, Financial, Banking and Next 50 indexes are trading with strong losses. Nifty Bank has lost 3%, Midcap Index 3%, Next 50 2.59 and Financial Index 2.50%.

Tata Motors down 4%

In its major decline, Tata Motors shares fell 4, JSW 4, Tata Steel 3.50, SBI 3.32 and IndusInd Bank lost 3%. Cipla and Wipro are trading in gains. Earlier, in the last trading day of the week, there was a huge fall in the stock market. The Bombay Stock Exchange (BSE) Sensex closed 889 points lower at 57,011 on Friday. IndusInd Bank stock was down 4.71%. The market cap was reduced by Rs 4.55 lakh crore.

major reasons for the decline

The main reason for the fall is fears of rising Omicron cases, selling by foreign investors and interest rate hike by the central bank. Foreign investors (FIIs) have withdrawn Rs 80,000 crore from the market in the last 40 days. The Bank of England has suddenly surprised by increasing the rate from 0.15 to 0.25%.