Amidst the fall in the stock markets, the market capitalization of BSE-listed companies has come down by Rs 11,28,214.05 crore to Rs 2,41,10,831.04 crore in four days.
Investors lost Rs 11.28 lakh crore in four days.
Russia-Ukraine conflict (Russia Ukraine Conflict) Amidst the continuation of the local stock exchanges on Monday (stock market). This is the fourth consecutive session while the markets registered a fall. Investors have lost Rs 11.28 lakh crore in these four trading sessions. BSE’s 30-share Sensex (Sensex) continued to decline for the fourth consecutive day and it fell 1,491.06 points or 2.74 percent to 52,842.75. During the day’s trading, the Sensex had fallen 1,966.71 points, or 3.61 per cent, to 52,367.10 points at one time.
Amidst the fall in the stock markets, the market capitalization of BSE-listed companies has come down by Rs 11,28,214.05 crore to Rs 2,41,10,831.04 crore in four days. In these four trading sessions, the Sensex has come down by 3,404.53 points, or 6.05 per cent.
The market fell sharply and fell by more than 2 percent in view of the continuous jump in crude oil and weak global cues. A sharp jump in crude oil amid fears of further sanctions on Russia has stirred the market. Apart from this, there is no sign of reducing tension between the two countries.
Keeping an eye on state election exit polls
Ajit Mishra, VP – Research, Religare Broking Ltd said, “We expect volatility to remain high and suggest keeping a close watch on global markets for signals. On the domestic front, the exit polls of the state elections and the actual results on March 10 will be actively monitored.
Crude oil price at $125
International oil benchmark Brent crude rose 5.76 per cent to $124.7 per barrel. Pressure is being seen in our market due to crude oil prices reaching $130 per barrel and weakness in rupee against dollar.
IndusInd Bank, Axis Bank, Maruti Suzuki, Bajaj Finance, Bajaj Finserv, UltraTech Cement and Mahindra & Mahindra fell up to 7.63 per cent in the 30-share Sensex.
In contrast, Bharti Airtel, HCL Technologies, Tata Steel and Infosys closed in the green. Realty, Bank, Finance and Auto closed with big cuts in the sectoral indices of BSE.
Foreign institutional investors (FIIs) continued their sell-off in the Indian markets and sold shares worth Rs 7,631.02 crore on a net basis on Friday, according to exchange data.
Rupee closed at all time low
Rupee closed at a record low today amid rise in crude oil, rising prospects of inflation, rise in dollar. Today the rupee declined by 84 paise to close at a life time low of 77.01 against the dollar. Investors are turning to safer investments, due to which the dollar has strengthened and the rupee is weakening.
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