There was heavy selling in the Indian stock market on Wednesday, the third trading day of the week. Investors have suffered huge losses due to the fall in both Sensex and Nifty. At the end of trading, the Sensex closed at 60,098.82 points, down 656.04 points or 1.08 per cent. On the other hand, if we talk about Nifty, it has fallen 174.65 points or 0.96 percent to the level of 17,938.40 points.
Infosys was the biggest loser in the top 30 stocks of the BSE index. Apart from Infosys, Asian Paint, HUL, Nestle, Bajaj Finance fell over 2 per cent. Stocks of Wipro, Kotak Bank, TCS, ICICI Bank, UltraTech, HCL, HDFC, Airtel also declined by more than 1 per cent. The shares of SBI, Tata Steel, Maruti have increased by more than 1 percent.
What is the reason: The main reason for the sell-off in the stock market is the global crude oil prices. Crude oil prices are expected to continue rising due to rising geopolitical tensions and supply-side constraints.
Paytm’s fall again: During the trading, the stock of Paytm has once again registered a decline. The stock price of Paytm fell to Rs 990, which is an all-time low. At the end of trading, the stock price was Rs 997.35 and was down 4.33 per cent. Let us tell you that it has been almost 2 months since Paytm got listed in the stock market. The stock price of the company is about 54 per cent lower than its issue price.
Tuesday’s condition: Investors lost Rs 3.78 lakh crore
Investors’ capital of Rs 3.78 lakh crore sunk amidst heavy selling pressure in the stock markets on Tuesday. The 30-share Sensex of BSE fell 554.05 points, or 0.90 per cent, to 60,754.86 points. The market capitalization of BSE-listed companies declined by Rs 3,78,213.43 to Rs 2,76,24,224.28 crore amid a weak trend in the stock markets. A day before this, the market capitalization of BSE listed companies had hit an all-time high of Rs 2,80,02,437.71 crore.
Sensex down 554 points under selling pressure
Sensex plunged 554.05 points on Tuesday amid losses in shares of realty, auto and metal companies and continued selling pressure in global markets. The 30-share Sensex of BSE fell 554.05 points, or 0.90 per cent, to 60,754.86 points at the end of trading. At the same time, the Nifty of the National Stock Exchange closed at 18,113.05, down 195.05 points, or 1.07 points.