Despite the rise in the global market and fall in crude oil prices, the stock market witnessed a decline for the 5th consecutive day. According to experts, the stock market closed with a decline due to increase in American bond yields and tension in the Middle East. On Wednesday, there was a decline in tech shares, especially the shares of Tech Mahindra, Infosys and TCS. Due to the fall in the market, investors have suffered a loss of more than Rs 2 lakh crore. Let us also tell you how much decline is being seen in the stock market.
Sensex and Nifty fall
Bombay Stock Exchange’s main index Sensex closed 523 points or 0.81 percent at 64,049. During the trading session, the Sensex had also reached the level of 63,900 points. On the other hand, the main index of National Stock Exchange Nifty fell by 159 points or 0.83 percent and closed at 19,122. Nifty IT saw a decline of 1 percent due to the decline in Tech Mahindra, Infosys and TCS. Meanwhile, Nifty Bank, Nifty Financial Services and Nifty Media declined 0.7 per cent-1.6 per cent.
Investors lost Rs 2 lakh crore
There has been a decline in the market cap of all the listed companies on BSE today. This is also the loss for investors. In fact, there has been a decline of Rs 2.03 lakh crore in the market cap of BSE. The market cap of BSE was Rs 3,11,30,724.40 crore on Monday, which increased to Rs 3,09,26,846.62 crore by the time of market closing today. This means that investors have got Rs 2,03,877.78 crore today. About 2,463 shares declined on BSE, 1,224 shares advanced and 108 shares remained unchanged.
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