look news india
Stock Market Today: The week has started with a strong rise in the stock market. After opening with a decline, the Sensex fell 781.57 points to a low of 71882.90 by 10.30 am. At 10.45 it was trading at 71896.45, down 767.54 points. Nifty also lost its level of 22000 and reached a low of 21828.40. Which was trading 221.20 points down at 21834 at 10.45 am.
Investors lost Rs 4.52 lakh crore
By 10.45 pm, 4.52 lakh investors had lost their lives due to the fall in the stock market. Lower circuit imposed on 277 shares. Whereas, out of total 3803 traded shares on BSE, 2762 shares were in the red zone and only 906 shares were trading in favor of improvement. Of which, 131 stocks recorded a year's high and 43 a year's low.
Reason for decline in stock market
, Today is the fourth phase of voting for Lok Sabha elections 2024. However, low turnout in the last three phases has created apprehensions about the NDA winning the expected seats.
, Second, profit-booking increased in overweight stocks after most sectoral indices including Sensex and Nifty hit record highs in April.
, Experts have predicted huge fluctuations in the stock market till the election results. The India VIX index rose 14 per cent to a high of 21 in this morning's trading session. Which indicates increasing instability in the market.
, Due to continuous inflation in America, the fear of economic recession has increased. The 10-year US Treasury yield rose to 4.50 per cent from 4.45 per cent.
, America has indicated an increase in tariffs on goods exported from China, the country's second largest economy. The effect of which has been seen on the Asian markets.