Investors’ wealth declined by Rs 1.36 lakh crore due to selling in the stock market
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New Delhi : Selling in the stock markets amid a weak global trend reduced investors’ wealth by Rs 1.36 lakh crore on Friday. The major stock index Sensex fell 671.15 points or 1.12 per cent to close at 59,135.13 on Friday. Out of its 30, 21 stocks closed in the red mark. Due to the sharp fall in shares, the market capitalization of companies listed on BSE declined by Rs 1.36 lakh crore to Rs 262.94 lakh crore. Earlier on Thursday, the market capitalization was Rs 2,64.30 lakh crore. The broader NSE Nifty closed 176.70 points, or one per cent, lower at 17,412.90.
BSE Midcap down 171.10 points
According to a report in the news agency Bhasha, in the broader markets, the BSE Midcap closed 171.10 points or 0.69 per cent lower at 24,617.91, while the Smallcap index fell 165.29 points or 0.59 per cent to close at 27,952.11. According to the report, sector-wise, financial services declined by 1.77 per cent, banking by 1.85 per cent, capital goods by 1.08 per cent, realty by 1.07 per cent and IT by 0.63 per cent. On the other hand, telecom by 1.21 per cent and electricity by 1.08 per cent. The speed of
In the US, the S&P 500 declined by 1.8 percent.
In the US, the S&P 500 fell 1.8 per cent on Thursday, the Dow Jones Industrial Average shed 1.7 per cent and the Nasdaq Composite fell 2.1 per cent. According to provisional data of the stock market, foreign institutional investors (FIIs) sold shares worth Rs 561.78 crore on a net basis on Thursday.
Sensex-Nifty down one percent
Explain that due to heavy selling in IT, financial and oil stocks amid weak global cues, major stock indices Sensex and Nifty declined by more than one percent on Friday. During this period, the 30-share Sensex closed at 59,135.13, down 671.15 points or 1.12 per cent. At the end of trading, 21 Sensex stocks closed in the red. The index had hit a low of 58,884.98 in the day’s trade. The broader NSE Nifty closed 176.70 points, or one per cent, lower at 17,412.90.
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