Business News Desk – There is a lot of pain in the market. People who were praising the market’s rise till yesterday are now sighing. Investors have been deeply hurt. Lakhs of crores of rupees of investors have been lost in the fall of last one month. Describing the deep wounds received by the market in the last one month, CNBC-Awaaz’s Yatin Mota said that there has been huge selling in the market in the last one month. Select midcap-smallcap stocks have fallen by up to 50 percent. The defense index has fallen 26 percent from its peak. Only 15 stocks in Nifty Midcap 100 have seen positive returns.
selling storm in the market
If we look at the situation since the fall on 27th September, Sensex has fallen by 6500 points and Nifty by 2100 points. Investors have suffered a loss of Rs 40 lakh crore in 1 month. The market cap of BSE on September 27 was Rs 4.77 lakh crore. Today it is at Rs 4.37 lakh crore. During this period, Nifty has slipped 8 percent from its peak, Sensex has also slipped 8 percent, Bank Nifty 7 percent, Mid Cap 100 index 9 percent and Smallcap 100 index 8 percent.
Market: slipped from the peak
In the last one month, Auto index has fallen by 14 per cent from its peak, Capital Goods by 13.5 per cent, FMCG by 11 per cent, Finance by 6 per cent, IT by 3 per cent, Pharma by 5 per cent and Metal index by 2.5 per cent.
Raksha Stock: Cracker fades away
If we look at the decline in defense stocks from July 2024, Cochin Shipyard has fallen by 40 percent. Gardenrich has fallen 36 per cent, Bharat Dynamics 33 per cent, Mazagon Dock 25 per cent and HAL 20 per cent.
Nifty 50: Selling dominates
If we look at the decline from July 2024 till now, there has been a decline of 28 percent in IndusInd Bank. There has been a decline of 21 percent in Bajaj Auto, 18 percent in Tata Consumer, 18 percent in Nestle, 17 percent in Hero Moto, 15 percent in M&M and 15 percent in Maruti.
Midcap devastation
If we look at the fall from July 2024 till now, among midcap stocks PNC Infra has fallen by 30 percent, Manappuram Finance by 30 percent, Voda Idea by 26 percent, L&T Finance by 25 percent and NBCC by 25 percent.
