look news india
Ahmedabad: Market regulator Sebi has directed asset managers of small and midcap funds to disclose more information about the risks associated with the funds as a precautionary measure, causing major turmoil in the Indian stock market today. Today, BSE Sensex fell by 790 points and NSE Nifty index fell by 247 points due to Chomar's selling pressure. Investor wealth (BSE market cap) increased by Rs today due to Sensex fall. There was a huge loss of Rs 6 lakh crore.
After analysts warned that many small midcap stocks were trading at prices higher than their actual prices, SEBI has asked asset managers of small and midcap funds to disclose more information about the risks associated with the fund as a precautionary measure. Has been instructed. These news had an adverse impact on the stock markets today. Today, the market situation took a turn for the worse as shares recorded gap-up following heavy selling pressure from Chomar. Out of 3921 shares traded on BSE today, the number of shares traded was 3002. While 844 shares were in favor of reform. On the other hand, today Rs. There was a sale of Rs 1879 crore. While institutional bodies have Rs. New purchases worth Rs 1827 crore were made.
At the close of trading today, Sensex closed at 72304.88 with a difference of 790.34 due to heavy selling pressure. While Nifty reached the level of 21951.15 with a difference of 247.20 points. Today, the Small Cap Index fell 890 points to close at 44,998 due to heavy selling pressure. Whereas the midcap index fell by 724 points and remained soft at the level of 39019.
After the huge fall in Sensex, today investors' wealth (BSE market cap) fell to Rs. There was a loss of Rs 6.02 lakh crore and ultimately Rs. 385.97 lakh crore.