The Indian stock market opened with a sharp decline between the global indices on Monday, the first trading day of the week, and both indices moved in the red throughout the day. Finally, the Bombay Stock Exchange’s 30-share Sensex index fell 1172 points, or 2.01%, to 57,166, while the National Stock Exchange’s Nifty index fell by 292 points, or 1.67 percent, to 17,184.
The Loss for the Investors
Meanwhile, in terms of investor losses, since the inception of the market, investors have lost around three lakh crore rupees [ total figure]. There was an increase in roughly 950 shares, a loss in 1611 shares, and no change in 142 shares when the market opened.
Biggest losers on Monday
The stock market opened in the green on Wednesday, the last trading day of the previous business week, but after a day of tumultuous trading, both indices ended up down.
The Nifty’s largest losers on Monday were Infosys, HDFC, HDFC Bank, Tech Mahindra, and Apollo Hospitals. NTPC, SBI Life Insurance, HDFC Life, Coal India, and Tata Steel, on the other hand, saw increases despite the market’s turbulence. The IT index sank 4.7 percent, while the real estate and bank index dipped 1 to 1%. The BSE Midcap and Smallcap indices both fell by 1% -1% each.
Reason behind downfall of the Market
According to experts, the Indian market has slowed as a result of the global market’s decline. The dollar index has surpassed 100 points. Simultaneously, the continuous conflict between Russia and Ukraine is affecting the global economy to max level.
Hi there! I’m Akash. I was born and raised in Bengaluru, India. I am a freelance content writer and a blogger. I am currently a student studying at a prestigious law school in India. I am an avid reader and writer.