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From yesterday on Monday Sensex, Nifty maintained the same rate, funds which made big gaps in small, mid cap stocks, operators sold the stocks more strongly today ahead of Diwali, the situation was ready for many traders, investors. To pay off the debt. Due to weak sentiment in global markets, nervousness increased in the market. On one hand, while the continuous selling of shares by Foreign Portfolio Investors (FPIs) has crossed Rs 83,000 crore so far in the month of October, on the other hand, after the selling of foreign funds, it is now indicating that high net worth investors (HNIs) of mutual funds. ) are also pulling out their investments on a large scale and as a result, Mr… Panic selling increased in stocks today as redemption pressure started in the funds. Small, midcap stocks have started collapsing like a house of cards.
Panic selling in the last hour
Investor confidence started wavering as Hyundai Motor India shares got listed at a discount to the issue price today and the stock fell to Rs 1807. Along with small, midcap stocks, frontline stocks based on Sensex and Nifty also crashed today. There was major selling in capital goods, consumer durables, automobile, healthcare, metal-mining stocks. Many stocks fell due to increased panic selling in the last hours. Sensex fell 930.55 points to close at 8022.72. While Nifty 50 spot index fell 309 points and closed at 24472.10.
Capital goods index fell
After a big rally in the last few months, capital goods stocks have now fallen into disarray as overbought positions in stocks have started to falter due to panic buying. BHEL fell by Rs 14.75 to Rs 232.90, Praj Industries fell by Rs 40.70 to Rs 736, Rail Vikas fell by Rs 23 to Rs 442.65, Grindwell Noten fell by Rs 117.90 to Rs 2279.10, Hindustan Aeronautics fell by Rs 211.90 to Rs 4300, Thermax fell by Rs 86.40. tax 5070.75 Came to Rs. BSE Capital Goods Index fell 2091.04 points to close at 68715.52.
Selling in Ota shares
Automobile stocks witnessed another major selloff today due to the negative impact of Hyundai Motor India's discount listing. Mahindra & Mahindra fell by Rs 113.45 to Rs 2883.60, Motherson fell by Rs 6.05 to Rs 193.40, Tata Motors fell by Rs 23.85 to Rs 979.30, Ashok Leyland fell by Rs 5.55 to Rs 212.25, Maruti Suzuki fell by Rs 5.55 to Rs 212.25. Decreased by Rs 260.70 to Rs 11,920.90. BSE Auto Index fell 1313.42 points to close at 55947.48.
Blue Star, Aditya Birla broke up
Heavy selling was also seen in shares of consumer durables companies today. Aditya Birla Fashion fell by Rs 16.35 to Rs 307.90, Blue Star fell by Rs 86.85 to Rs 1931.90, Dixon Technology fell by Rs 468.50 to Rs 14,920, VIP Industries fell by Rs 14.80 to Rs 492.50, Titan Company fell by Rs 31.40 to Rs 3331.40. BSE Consumer Durables Index fell 1552.80 points to close at 62886.
Metal stocks fell
Funds also witnessed selling in metal-mining stocks amid uncertainty over China's economic recovery and faltering global sentiment. Jindal Stainless fell by Rs 44.40 to Rs 654.20, NMDC fell by Rs 10.25 to Rs 215.40, Coal India fell by Rs 16.85 to Rs 468.50, Vedanta fell by Rs 150.45 to Rs 461.05, Hindalco fell by Rs 13.70 to Rs 461.05. Rs 17.20 Fell to Rs 722.20. BSE Metal Index fell 977.82 points to close at 31687.13.
fuel of the great depression
Bearish, bearish, bearish signs started appearing today with big gaps in small and midcap stocks and Sensex, Nifty also broke. Out of the total 4059 shares traded on BSE, the number of loss making shares increased from 2948 to 3499 and the number of gainer shares decreased from 1102 to only 494. The BSE Small Cap index fell 2118.04 points to 53530.92 and the BSE Mid Cap index fell 1190.62 points to 45974.31.
DII purchases worth Rs 5869 crore
Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 3,978.61 crore in cash today on Tuesday. There were total sales of Rs 19,558.41 crore against total purchases of Rs 15,579.80 crore. Whereas DII-Domestic Institutional Investors made net purchases of Rs 5869.06 crore in cash today. There were total sales of Rs 10,996.74 crore against total purchases of Rs 16,865.80 crore.
Looting investors' money
Today with Sensex, Nifty falling, panic selling by retail investors, high net worth investors followed by operators, small, mid-cap stocks, funds in A group, investors' wealth i.e. total market capitalization of BSE listed companies 9.20 The rupee has sunk. Today lakh crore remains 444.45 lakh crore. In this way, there has been a loss of Rs 13.70 lakh crore in investors' wealth in two days.