There is a fall in the stock market
Diwali enthusiasm has come to a halt in the stock market. After two days of vacation, the work week began with a decline on November 4. On the first day of the trading week, the stock market started with a slight decline, but barely 15 minutes after the market opened, there was a huge drop in Sensex and Nifty. In this market crash, investors lost Rs 6 lakh crore in 15 minutes.
The two major stock market indices, Sensex and Nifty, are getting beaten and selling is in full swing. Almost all stocks are trading in the red. While Sensex has fallen by over 1000 points, Nifty has also fallen by 330 points. In such a situation, the question arises: after Diwali, whose attention has the stock market caught?
Whose eye was on?
Although the sharp decline in the stock market may be due to many reasons and the huge drop in IT stocks with the beginning of the November series, weaker trading is seen today. But the main reason behind this is the US elections and the US Federal Reserve meeting. This week there will be presidential elections in the United States. The outcome of this election will affect not only the United States but global markets as well. In addition, the US Federal Reserve meeting is also important for investors.
Decrease in BSE market capitalization
At the moment the situation is looking bad for BSE Sensex and it is trading at 78,683 with a drop of more than 1,040 points. There is a drop of 330 points in Nifty, it is trading at 23976 after falling 328 points. Amid the market decline, the market capitalization of all companies listed on the BSE declined by Rs 6.8 lakh crore to Rs 441.3 lakh crore.
The biggest fall is seen in Reliance Industries, Infosys, ICICI Bank, HDFC Bank and Sun Pharma Sensex. Due to these companies the market has fallen 420 points. At the same time, L&T, Axis Bank, TCS and Tata Motors also brought down the index.
