Huge fall in stock market, Sensex fell 842 points, 8 lakh crores sank in just 2 hours
Share Market Crash: The stock market again saw a huge fall on Monday, January 27. The Sensex fell 842.4 points in early trade to Rs 75,348.06. At the same time, the Nifty plunged by about 265 points to 22,826.85. The broader market was in a state of panic. The BSE midcap index fell by 3 percent, while the small cap index fell by 4 percent. There were about 5 reasons behind this sharp fall in the stock market
The decline in the stock market is not stopping. On Monday, the market crashed as soon as it opened. While the Sensex fell by 800 points, the Nifty took a dive of more than 250 points.
Due to this fall in the market, about 9 lakh crore rupees were lost. The main reason for the fall in the market was weak corporate income, uncertainty about US trade policy and withdrawal of foreign investors.
However, on Monday, the Sensex opened with a fall of 490 points at 75,700.43. After this, it continued to fall continuously. By 11 am, it fell to a maximum of 842 points. At 11 am, it was trading at 75,409.32, down 781.14 points.
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Nifty also started with a fall of about 150 points. By 11 am, it had fallen by a maximum of 265 points. At 11 am, it was at 22,854 points, down 238 points.
How much was the loss?
Due to this fall in the market on Monday, investors lost more than Rs 9 lakh crore. The market cap of all the companies listed on the BSE fell by Rs 9.48 lakh crore to Rs 410.03 lakh crore.
Who suffered the biggest loss?
In early trade, shares of Zomato, IndusInd Bank, M&M, Adani Ports, Infosys and Tata Steel fell sharply. They lost up to 2%. On the other hand, HUL, ICICI Bank and TCS opened on the green mark.
Why is the decline coming?
Foreign investors (FPIs) are exiting the Indian market by selling their shares. FPIs sold shares worth Rs 64,156 crore in Indian equities this month (till January 24). FPIs are exiting due to the fall in the rupee. On the other hand, the results of companies in the December quarter have not been very good.
Also, the US bond yield has strengthened. At the same time, there is uncertainty in the market regarding the 25 percent tariff on Colombia, Canada and Mexico by the US President. These tariffs can be implemented from February 1.
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