There was chaos in the stock market due to selling in midcap-smallcap stocks, loss of Rs 5 lakh crore.

Indian Stock Market Closing On 21 October 2024: Due to the tsunami of decline in midcap and smallcap stocks, these stocks were in mourning in Monday’s trading session. Nifty’s midcap index fell by 1350 points from the day’s high, while Nifty’s small cap index saw a decline of 415 points. At the closing of the market, the midcap index fell by 1000 points and the smallcap index closed by 300 points. However, the decline in Sensex-Nifty was not that big. Sensex fell by 73 points to 81,151 and Nifty of National Stock Exchange also fell by 73 points to close at 24,781 points.

rising and falling shares

This big fall has happened in the market due to selling in FMCG and IT shares. Falling stocks included Coforge 5.55 percent, Vodafone Idea 5.54 percent, MRPL 4.79 percent, Persistent Systems 4.54 percent, IOB 4.23 percent, Hindustan Petroleum 4.11 percent, Polycab 3.97 percent, Bandhan Bank 3.95 percent, Bank of Maharashtra 3.89 percent, SBI Cards 3.44 percent. The decline has come to a close. Among the rising stocks, Tata Chemicals closed with a rise of 8.77 per cent, Oberoi Realty by 2.99 per cent, Mazgaon Docks by 2.84 per cent, BSE by 1.76 per cent, Max Health by 1.34 per cent, Patanjali by 0.79 per cent.

Investors lost Rs 5 lakh crore

Investors have suffered huge losses due to the fall in the stock market. The market cap of stocks listed on BSE has come down to Rs 453.27 lakh crore, which was Rs 458.21 lakh crore in the last trading session. This means that in today’s session there has been a loss of Rs 5 lakh crore in the wealth of investors.

sectorol update

In today’s trade, auto was the only sector whose shares showed a rise and Nifty’s auto index closed with a rise of 105 points. Whereas IT, FMCG, Banking, Pharma, FMCG, Metals, Real Estate Media, Energy, Infra, Consumer Durables, Healthcare and Oil & Gas stocks closed with losses. India Vix closed at the level of 13.76 with a jump of 5.52 percent.