The stock market continues to decline. On the third trading day of the week, on Wednesday, the Sensex-Nifty recorded a sharp decline within a few minutes of opening. At 9.30 am, the Sensex was more than 300 points when it opens. But by 10.11 am, the 30 -share Sensex of Bombay Stock Exchange had fallen by about 800 points. While the National Stock Exchange’s Nifty also saw a decline of about 200 points. During this time, the shares of Mukesh Ambani’s company Reliance declined by more than 3 percent. While online food delivery company Jomato’s shares also saw a major decline.
Both indices fell as soon as they opened.
The BSE Sensex opened at 76,188.24 in early trade on Tuesday, while the previous closed level was 76,293.60. After this, it declined further during the shorter trading period. Till the news was written, the BSE Sensex fell 823 points to 75,469 within half an hour of the business. Like the Sensex, the Nifty also saw a huge decline after starting trading in the red zone. It fell 213 points to close at 22,858 points.
Sensex dropped 1000 points on Tuesday
Significantly, there was a big decline in the stock market on the last trading day i.e. Tuesday. On Tuesday, at 3.30 pm, both the Sensex-Nifty index appeared in the Red Zone throughout the day. At the end of the trading, the BSE Sensex fell 1,018.20 points, or 1.32 percent to close at 76,293.60, while NSE Nifty fell 309.80 points, or 1.32 percent to close at 23,071.80. The Sensex declined by 2,290.21 points due to a decline in the last 5 trading sessions, while the Nifty declined by 667.45 points.
Reliance’s shares decline by 3 percent
Talking about the top lousers amidst the decline in the stock market, the share (3.50%) of M&M included in the large cap fell to Rs 1,250. It is at Rs 2976, while the decline in Zomato shares is not taking its name and it is at Rs 2976. Trade at 207. Which indicates a decrease of 3.41%. Apart from this, Mukesh Ambani’s Reliance shares fell 3.18 per cent to Rs 1,250. Trade at 1194.
Apart from this, Adani Ports (2.63%), IndusInd Bank (2.48%), Powergrid shares (2.20%), Axis Bank shares (2.16%) were trading in red mark in this category. At the same time, the shares of ITC, Asian Paints, Bajaj Finance, Titan, SBI, NTPC, Tata Motors, Tata Steel saw a decline of more than 1 per cent.
Investors loss of Rs 6 lakh crore
The market capitalization of shares listed in BSE declined to Rs 1,200 crore. 402.12 lakh crore reached Rs, which was Rs 402.12 lakh crore in the last trading session. 408.52 lakh crores This means that as soon as the market opened, investors have lost Rs 6.40 lakh crore.
