Mumbai The selling pressure was so much that in the last 5 days of this week, the investors of the stock market lost 19 lakh crores. Sensex and Nifty declined by 1.7 per cent on Friday. Talking about Friday itself, except for Titan, investors have suffered huge losses in other stocks. Shares of Tata Steel, Tata Motors, State Bank of India, Wipro and Bajaj Finserv saw heavy volatility. Shares of these companies fell by 2.8 to 4.7 per cent. It is believed that the stock market took a dive due to the deteriorating condition of Corona in China and other countries and its possible impact in India. Due to the Russia-Ukraine war, the stock market is also looking scared due to the possibility of recession in the world.
The Bombay Stock Exchange (BSE) declined 1.61 per cent on Friday. The Sensex lost around 981 points. Trading on the National Stock Exchange (NSE) also remained under the grip of bears. The Nifty fell by over 320 points on Friday. As a result, Sensex came down below 60000 and Nifty 18000 mark. This week, investors suffered maximum losses on Friday itself. In just one day, more than 8 lakh crore shares of investors were destroyed in the market. The market capitalization of companies also came down from 280.55 lakh crore to 272.29 crore.
There has been a decrease of Rs 18.96 lakh in the market capitalization of BSE from December 14 to December 23. It is believed that a similar earthquake can be seen in the stock market on Monday as well. Due to the outcry in the stock market, investors have turned towards gold. In such a situation, gold is running at the rate of Rs.55000 per 10 grams for the last few days. According to experts, this boom in gold is likely to continue.
