look news india
Mumbai: Amidst the preparations for the Lok Sabha elections, the unbridled rise in the shares of the last 10 years seemed to be breaking today. There is no 'guarantee' of a successful bounce, nor that it will last. Today, due to the strict measures taken by SEBI, Reserve Bank of India and Enforcement Directorate to curb the unbridled boom, investors' wealth worth Rs 13 lakh crore in shares was wiped out in a single day. An ugly situation of desperate depression had arisen, with stocks falling here and there and everywhere. Many investors fell into depression as their investment portfolios became as if they were or were not. In such a situation, as the inflation rate increased in America, the possibility of cutting the interest rate was postponed and there was talk of increasing it, the effect of which was seen in the form of a huge fall in the stocks. Nifty 50 spot index lost the level of 22000 today. Whereas after a break of 1200 points in intra-day, Sensex closed at 72761.89 with a fall of 906.07 points. Nifty closed at 21997.70, down 50 points by 338 points.
power supply fuses blown
The exceptionally big rally seen in power stocks in the last few days has turned into a turning point today, leading to big gap-up. Among power stocks, NHPC fell by Rs 8.44 to Rs 78.20, JSW NG fell by Rs 47.45 to Rs 461.45, Adani Green NG fell by Rs 172.20 to Rs 1726.55, BHEL fell by Rs 18.65 to Rs 225.40. .225.40, Power Grid Corp fell by Rs 20.75 to Rs 264.30, NTPC fell by Rs 23 to Rs 321.85, Tata Power fell by Rs 24.25 to Rs 371.75, Suzlon fell by Rs 1.96 to Rs 37.35, Adani Power fell by Rs 27.75. At Rs 528.10, Siemens fell by Rs 134.30 at Rs 4649.10, ABB fell by Rs 123 at Rs 5591.75. BSE Power Index fell 422.77 points or 6.35 percent and closed at 6236.75.
Metal index fell to 1607
Metal stocks witnessed a decline today amid China's situation in the metal-mining sector becoming serious again and news of major companies defaulting. SAIL fell by Rs 11 to Rs 118.80, NMDC fell by Rs 18.40 to Rs 205.05, Coal India fell by Rs 32.10 to Rs 416.90, Vedanta fell by Rs 18.45 to Rs 251.85, APL Apollo fell by Rs 103.95 to Rs 1490.40. Tata Steel fell by Rs 8.95 to Rs 143.50, Jindal Steel fell by Rs 42.75 to Rs 764.40, Hindalco fell by Rs 22.50 to Rs 506.15, JSW Steel fell by Rs 25.15 to Rs 792.05. BSE Metal Index fell 1607.31 points or 5.75 percent and closed at 26350.71.
Oil-gas index fell
Due to big losses in oil-gas stocks, BSE Oil-Gas Index today fell by 1450.14 points or 5.16 percent to 26672.05.
Capital Goods Index falls by 1945 points
Today, BSE Capital Goods Index fell 1944.75 points or 3.33 per cent to close at 56408.35 due to widening of gap in capital goods stocks. RVNL fell by Rs 20.75 to Rs 222.75, BHEL fell by Rs 18.65 to Rs 225.40, Viguard fell by Rs 24.45 to Rs 306, Bharat Electronics fell by Rs 14.35 to Rs 190, Hindustan Aeronautics fell by Rs 228.45 to Rs 3039.90, GMR Infra fell by Rs 5.64 to Rs 75.26. , KPIL fell by Rs 73.15 to Rs 989.30. Came to Rs.
Investors lost Rs 22 lakh crore in seven days
Due to all-round selling in shares today, prices of A Group, Small, Midcap, Cash shares fell, investors' wealth declined, i.e. the total market capitalization of BSE listed companies lost Rs 13.48 lakh crore in a single day to Rs 372.16. Lakh crores of rupees remained. At the same time, from the peak of Rs 394 lakh crore in March 2024, Rs 21.84 lakh crore has been lost in just seven trading days.
Out of 3976 shares, 3569 shares declined.
Due to indiscriminate selling of shares, there was a difference in the prices of many shares today. As a result the breadth of the market was greatly reduced. The number of incidents was 3569 out of total 3976 share-shares traded on BSE today. Whereas the prices of only 350 shares were positive.
DII purchases worth Rs 9094 crore
Foreign portfolio investors – FPI, FII were selling stocks wildly on today-Wednesday. FPIs sold shares worth a net Rs 4595.06 crore today. In which total sales were Rs 37818.69 crore against total purchases of Rs 33,223.63 crore. However, today's selling by FPIs included the sale of 3.5 per cent stake in ITC Ltd for Rs 17,491 crore by British American Tobero (BET) through a block deal. Whereas DII-domestic institutional investors made net purchase of shares worth Rs 9093.72 crore today. In which total sales of Rs 11,174.18 crore were made against total purchases of Rs 20,267.90 crore.