look news india
Tuesday has proved to be an inauspicious day for the Indian stock market. Due to global cues, the Indian stock market opened with a decline and ended the day with a big fall. BSE Sensex fell 736.37 points or 1.01 per cent to 72,012.05 and NSE Nifty fell 238.25 points or 1.08 per cent to 21,817.45. Due to widespread selling, Sensex and Nifty closed down by 1 percent. Investors lost Rs 5 lakh crore due to today's fall. Today the market cap of BSE has fallen to Rs 1500. Was Rs 373.96 lakh crore, whereas on Monday the market cap was Rs 373.96 lakh crore. 378.80 lakh crore.
Situation of Sensex shares
Out of 30 Sensex stocks, only 7 stocks closed with gains and 23 stocks closed with decline. Top gainers include Bajaj Finance up 1.38 per cent and Kotak Mahindra Bank up 0.57 per cent. ICICI Bank closed up 0.26 percent and Bharti Airtel closed up 0.23 percent.
nifty share status
Out of 50 Nifty stocks, only 9 stocks closed in the red with gains and 41 stocks with decline. Among the top gainers, Bajaj Auto gained 1.47 per cent and Bajaj Finance gained 1.25 per cent. Shares of Eicher Motors closed the trading with a gain of 0.87 percent. Kotak Mahindra Bank managed to close up 0.73 per cent while HDFC Bank managed to close up 0.27 per cent.
All sectoral indices of Nifty closed with a decline.
In today's trading, all the sectoral indices of Nifty closed with a decline. The maximum decline was seen in the IT sector at 2.90 percent and in the media sector at 2.45 percent. FMCG sector also closed with a huge fall of 2.16 percent.
Bank Nifty also broke
Bank Nifty today closed 191.10 points or 0.41 per cent lower at 46,384, with only 4 out of 12 stocks closing with gains. There was weakness in 8 stocks and Bank Nifty came down.
The main reason for the decline in the Indian stock market
Fears have increased in the domestic markets that Fed Chairman Jerome Powell may change the interest rate at the US Federal Reserve meeting on March 20. Due to this, all-round selling was seen in bank shares today. Investor sentiment was affected. Additionally, Japan announced the end of eight years of negative interest rates, which also impacted the Indian stock market.