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Sensex Nifty Crash: Today, a big fall was recorded in Sensex and Nifty and the indices fell by 1.25 percent. Today, investors' capital in one day is Rs. There has been a decrease of Rs 8.64 lakh crore. Whereas in the last two days there has been a double digit loss of Rs 13.14 lakh crore. Whereas in the month of October till now there has been a loss of Rs 29.85 lakh crore.
Sensex breaks 1000 points
Today, after intraday fluctuations of 1354.71 points, Sensex closed at 80220.72 with a fall of 930.55 points. Nifty also broke the important support level of 24500 and closed at 24472.10 with a fall of 309 points. ICICI Bank, the only Sensex participant, closed with an improvement of 0.67 percent. Apart from this, a decline of up to 3.62 percent was recorded in all 28 shares. While Infosys remained stable. Today 601 shares hit lower circuit on BSE.
Reason for market decline
Factors including poor quarterly results, continued selling by foreign investors and global uncertainties have put pressure on Indian stock markets. Till yesterday in October, FIIA had raised a total of Rs. Had collected. An amount of Rs 82479.7 crore has been withdrawn. Foreign investors are investing in the Chinese market at low prices in the hope of economic recovery from China's relief package. However, on the other hand, domestic institutional investors raised Rs. Purchasing of Rs 77402 crore has saved the market from a big fall.
Crunch from all time high
On September 27, Sensex and Nifty reached their all-time highs. The market has since fallen more than 6 percent from today's close amid high volatility. Investors have also suffered a loss of more than Rs 32 lakh crore. In October, Sensex fell 4 percent and Nifty fell 5 percent.
Big fall in Sensex Nifty
| Description | 27 September-24 | October 22-24 | Crack |
| Sensex | 85978.25 | 80220.72 | 6.69 percent |
| nifty | 26277.35 | 24472.1 | 6.87 percent |
| market cap | 477.93 | 445.01 | Rupee. 32.92 lakh crore |
The recession has intensified due to huge volatility in the domestic stock market. Heavy selling has been seen in smallcap and midcap shares. Auto and realty stocks also declined. The market is seeing a recession due to the increase in US bond yields and the possibility of interest rate cuts by the Fed. Vinod Nair, head of research at Geojit Financial Services, said various factors are weighing on the market, including weaker-than-expected quarterly corporate results and RBI's recession signals in the second quarter. Therefore investors are advised to wait until the market stabilizes.