look news india
The Indian stock market closed with a big gap today i.e. Friday, August 2. The market opened with a drop of 700 points in the morning. The National Stock Exchange's Nifty slipped below 25000. The market has seen a decline due to heavy selling in IT and auto stocks. Midcap and smallcap stocks have also seen a huge decline.
After the market closed, the BSE Sensex fell 886 points and closed below 81,000 at 80,982 points. At the same time, the National Stock Exchange's Nifty closed at 24,699.50 points with a decline of 311 points.
The stock market made a new all-time high yesterday
Earlier yesterday, on August 1, the stock market had made a new all-time high. During trading, the Sensex touched 82,129 and the Nifty touched 25,078.
However, after this the market declined slightly and the Sensex closed 126 points higher at 81,867. At the same time, the Nifty recorded a jump of 59 points and closed at 25,010. Out of the 30 Sensex stocks, 15 rose and 15 fell.
Diversion of crores to investors
Due to the sell-off in the stock market, the investment core suffered huge losses. The market cap of the shares listed on BSE fell to Rs 457.23 lakh crore. Which was Rs 461.62 lakh crore in the previous session. That is, in today's trading session, investors have suffered a huge loss of Rs 4.39 lakh crore.