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Share Market Crash: A sharp decline is being seen in the Indian stock market in the last trading session of the week. Despite the market opening briskly in the morning, the Sensex fell by 850 points due to heavy selling by investors during the day’s trade. Sensex is again trading below the figure of 79000. National Stock Exchange’s Nifty is also trading at 23,712 points with a fall of 241 points. Due to this decline in the market, the market capitalization of BSE has come down to Rs 445.05 lakh crore which was Rs 449.76 lakh crore in the last session.
IT-Bank shares spoiled the mood
Out of 4027 shares being traded on BSE, 1294 shares are trading with a rise while 2609 shares are in decline. There is no change in 124 shares. Lower circuit is installed in 228 shares and upper circuit is installed in 278 shares. Of the 30 Sensex stocks, 25 are trading with gains and 5 with losses. Among the rising stocks, Asian Paints is trading with a rise of 0.22 percent, Titan with a rise of 0.12 percent, Maruti with a rise of 0.02 percent. While Tech Mahindra is trading with a decline of 3.03 percent, Axis Bank 2.95 percent, IndusInd Bank 2.72 percent, Mahindra & Mahindra 2.48 percent, TCS 2.28 percent, Tata Motors 1.81 percent, UltraTech Cement 1.80 percent, SBI 1.75 percent.
Strong decline in midcap and smallcap stocks
A sharp decline is being seen in IT stocks in today’s business. They were doing brisk business in the morning. Due to selling in these stocks, Nifty IT index is trading with a decline of 1030 points. There is also recession in Banking, Auto, Pharma, FMCG, Metals, Media, Real Estate, Energy, Consumer Durables and Oil & Gas stocks. Strong selling is also being seen in midcap and smallcap shares. Nifty Midcap Index is trading 1200 points down and Nifty Smallcap Index 313 points down.
Market is falling due to these reasons
There is uneasiness in the Indian markets after the Fed Reserve’s outlook of interest rates in 2025. Besides, increasing trade deficit due to domestic reasons and weakness in rupee against dollar have spoiled the mood of the market.
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