Stock Market Crash: Chaos in stock market... Sensex fell by 1100 points, 10 stocks including INF collapsed!
Stock Market Crash: The Federal Bank has cut the rate by 0.25 percent and has projected two more cuts, due to which the market mood got spoiled and there was a big decline in the US market. Now its effect is also visible on the Indian stock market
Last night, a big decline was seen in the US market. The US Federal Bank announced a rate cut (Fed Rate Cut) late at the night. While Federal Bank has cut the rate by 0.25 percent and has projected two more cuts, due to which the market mood got spoiled and there was a big decline in the US market.
Chaos in stock market, Sensex fell by 1100
At the same time, its effect is also being seen in the Indian stock market on Thursday. Sensex opened with a fall of more than 1100 points, while Nifty opened with a fall of more than 400 points.
However, after some time the situation seemed to be a little stable. Sensex is currently trading 917 points down at 79,238.08. Nifty50 is trading 283 points down at 23,914.95. Bank Nifty has fallen by 744 points.
After some time, situation seemed to be a little stable
Out of the top 30 stocks of BSE Sensex, all the stocks are in decline except two stocks. The biggest decline has been in Infosys shares of 3 percent. At the same time, 47 stocks of Nifty are trading under pressure. While 3 stocks are on the rise. Tata Consumer and Dr. Reddy's stocks are seeing a rise.
Big decline in these 10 stocks
Asian Paints Share is trading down by more than 2 percent. At the same time, Infosys Share has fallen by 3 percent, TCS, HCL, Mahindra, HDFC Bank shares have fallen by about 2 percent. In small and mid-cap, shares of Triveni Turbine, Five Star Business, Sonata Software, Bharti Hexacom, Nykaa, Cochin Shipyard are trading down by about 3 percent.
Why did the stock market fall?
The US Central Bank Federal Reserve said that more rate cuts are expected, due to which the market mood deteriorated, and the market got scared by the Fed's commentary. Wednesday's commentary has indicated only two rate cuts in the year 2025. At the same time, the Central Bank has said that there is a need for more strictness on inflation. Due to which the Indian stock market is also feeling the pressure.
Major loss to investors
Yesterday the BSE market capitalization was Rs 452 lakh crore, which has come down to Rs 448 lakh crore after a big fall today. That is, the market cap has fallen by more than Rs 4 lakh crore. This means that the valuation of investors has decreased by Rs 4 lakh crore.
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