look news india
Wednesday proved to be a 'black day' for the Indian stock market. Midcap and smallcap stocks fell heavily in the trading session of March 13. Nifty Midcap index fell 1730 points or 3.61 percent. Whereas Nifty Smallcap index is trading down by 676 points i.e. 4.50 percent. While BSE's smallcap index is trading at 1824 points and midcap index at 1382 points. After the statement of SEBI chief regarding bubble in midcap and smallcap shares, the shares of this sector are continuously falling.
The market started with a green signal
The market opened with a green mark on Wednesday, the third day of the trading week. Both Sensex and Nifty indices opened in the green. At 9.15 am, the 30-share BSE Sensex closed at 73,915.57 with a gain of 247.61 points or 0.34 per cent. While NSE's Nifty opened at 22,397.40, up 61.70 points or 0.28 percent. As soon as the market opened, a rise was seen in about 1281 shares. While 948 shares were trading with a decline. After about an hour, a huge fall was seen in the market and Rs 11 lakh crore of investors were lost.
Rs 10.5 lakh crore defrauded
There was a loss of more than Rs 10.5 lakh crore on Wednesday due to the fall in the Indian market. Not only this, within just three hours of market opening investors had access to Rs. There has been a loss of more than Rs 7 lakh crore. The market cap of BSE listed shares fell to Rs. It is worth Rs 374.79 lakh crore. Which was Rs. in the last trading session i.e. Tuesday. 385.57 lakh crore. In this way, investors have suffered a loss of about Rs 110.78 lakh crore in Wednesday's trading.
