Stock Market Closing Bell: A big fall has been recorded in the stock market today due to selling by foreign investors and weekly expiry of derivatives. Sensex closed 1062.22 points down at 72404.17. While Nifty broke the level of 22000 and closed at 21957.50 with a fall of 345 points.
7 lakh crores were washed away
Amidst the market turmoil, investors today lost Rs. Capital worth Rs 7 lakh crore was lost. Yesterday FII reported sales of more than Rs 6600 crore. Market breadth has also turned negative. Out of total 3943 shares traded on BSE, 929 shares improved. While 2902 shares are being closed. 160 stocks reached year’s high and 45 stocks reached year’s low. Apart from this, lower circuit was hit in 372 shares and upper circuit was hit in 221 shares.
Also read: Reasons for the decline in the stock market in the current month
25 Sensex shares fell by 6 percent
Of the 30 stocks included in the Sensex pack, only five are Tata Motors, Mahindra & Mahindra, SBI, Infosys and HCL Tech. It improved to 1.86 percent. Apart from this, all 25 shares declined by 6 percent. Larsen & Trubow fell 5.56 per cent, Asian Paint 4.51 per cent, JSW Steel fell 3.46 per cent.
Midcap smallcap stocks are in bad shape
The index fell by more than 3 per cent today due to large-scale profit-booking in sectors including oil and gas, metals, capital goods, energy, which have been growing rapidly in the last few years. FMCG index fell 2.50 percent. Apart from this, due to big fall in midcap and smallcap stocks, midcap index fell by 835 points (2.01 percent) and smallcap index fell by 1110.84 points (2.41 percent).
