BSE Sensex: Decline in the stock market weakened by 1,200 points, 5 lakh crores wiped out in seconds

BSE Sensex: The NSE Nifty was at 24,803 points, down by 381 points. Investors are adopting a cautious stance ahead of the US job report. This will decide how much the US Fed Reserve will cut interest rates. This is leading to a decline in the stock market. The impact of the decline is visible in all sectors. Out of the 30 companies listed on the Sensex, the shares of State Bank of India, UltraTech Cement, Reliance Industries, NTPC, ICICI Bank and Titan suffered the most losses.

fell by about 1,000 points during trading

While the Nifty also fell below 24,900 points. At 3 pm, the Sensex was trading at 81,998 points, down by 1200 points. The NSE Nifty was at 24,803 points,. Investors are adopting a cautious stance ahead of the US job report. Out of the 30 companies listed on the Sensex, Shares of Bajaj Finance, Bajaj Finserv, Hindustan Unilever, Asian Paints and IndusInd Bank rose. Due to this decline, the market cap of companies listed on BSE fell by Rs 5.3 lakh crore to Rs 460.35 lakh crore.

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Condition of foreign markets

While Shares of the country's most valuable company Reliance Industries, fell by about 2 percent during trading. It had slipped to Rs 2922. At three o'clock, it was trading at Rs 2930 with a decline of 1.91% on the BSE. Similarly, shares of the country's largest bank SBI fell by about 5 percent. In Asian markets, South Korea's Kospi, China's Shanghai Composite, Japan's Nikkei-225 and Hong Kong's Hang Seng were in loss. US markets closed with a negative trend on Thursday. Global oil benchmark Brent crude futures were trading 0.07 per cent lower at US $ 72.64 per barrel. According to stock market data, foreign institutional investors (FIIs) were net sellers in the capital market.