look news india
Ahmedabad: The Sensex today touched a gap of 73,000-73,000 due to heavy selling pressure from foreign investors due to stringent measures taken by market regulator SEBI, Reserve Bank and Enforcement Directorate (ED) to curb the rally in the stock market. Nifty declined. 22,000 level. After the fall in Sensex, investors' wealth lost Rs. There was a loss of Rs 13.48 lakh crore.
The market rally has come to a halt after the announcement of strict measures by SEBI and Reserve Bank to control the stormy rise in small midcap stocks and SME stocks. The reluctance of regulators to impose new stringent rules and other measures including disclosures following reports of share price manipulation in the sector had an adverse impact on the stock market.
Following these reports, Sensex fell 906.07 points to close at 72,761.89 at the close of trade due to Chomar selling pressure led by foreign funds, after falling 1,200 points intra-day at one point. Nifty also fell by 338 points and closed at a low level of 21,998.
Today, under heavy selling pressure, a difference of 2,190 points was seen in the BSE Smallcap index and 1,646 points in the Midcap index. Of the 3,876 shares traded today, 3,569 shares were in the red due to heavy selling pressure. Only 350 shares closed positive.
Rs 13.48 lakh crore was lost in investors' wealth due to heavy fall in Sensex at the end of trading. 372.16 crores. In the last three days, investors' wealth totaled Rs. Rs 21 lakh crore worth of small and midcap stocks sank today due to heavy selling pressure. There was a loss of Rs 6.88 lakh crore. Let us tell you here that the returns earned by investors in small cap shares during the last 3 to 5 months have vanished in just 3 to 5 days.