Outcry in the stock market: Sensex and Nifty fell heavily, and investors lost Rs 3 lakh crore

Stock Market Crash: The trend of decline in the stock market continues. There was a huge decline in the trading session on Thursday. On Thursday, Sensex 1000 and Nifty fell by 300 points due to selling by investors and the market.

Oct 26, 2023 - 18:30
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Outcry in the stock market: Sensex and Nifty fell heavily, and investors lost Rs 3 lakh crore

The Indian market has been facing a decline for 6 consecutive days. Due to this fall, investors' property worth lakhs of rupees has been lost. Today is proving to be a very bad day for the stock market. There was a huge decline in the trading session on Thursday. This week, there has been a tsunami of decline in the Indian stock market for the third consecutive trading session and on the day of the monthly expiry of October. On Thursday, Sensex 1000 and Nifty fell by 300 points due to selling by investors and the market. NSE's mid-cap index has slipped 900 points. BSE Sensex fell by 900 points to 63,148 and National Stock Exchange's Nifty fell by 265 points to close at 18,857 points.

Due to the huge fall in the market, investors have suffered a loss of Rs 3 lakh crore. Due to this, Nifty Bank closed at 42,280 points with a decline of 552 points or 1.29 percent. With this, stocks of Auto, IT, Pharma, FACG, Metals, Energy, Consumer Durables, Healthcare, Oil and Gas sectors closed with a decline. The mid-cap index closed at 38,116 points, down 1.16 percent or 448 points.

There is an atmosphere of weakness in the market due to continuous decline. A decline was seen in the market right from the time of opening this morning. Sensex opened at 63,675 on BSE, falling by 336 points. At the same time, Nifty on the NSE opened with a fall of 95 points at 19,002.

Let us tell you that there has been an uproar in the stock market for the last few days. In the last 6 days, a decline of Rs 22 lakh crore was recorded in the market cap of BSE. Among the big falling stocks, M&M is down 3 percent, Bajaj Finance 2.8 percent, Tech Mahindra 2.8 percent, Nestle 2.4 percent, Bajaj Finserv 2.4 percent, and Asian Paints 2.1 percent.

Muskan Kumawat Journalist & Writer