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Rs 6 lakh crore wasted, stock market investors’ earnings sank in no time –

by Aaryan Srivastav
November 4, 2024
Rs 6 lakh crore wasted, stock market investors' earnings sank in no time - India TV Hindi

Photo: FREEPIK Stock market reached its lowest level in 3 months

Due to today’s devastation in the stock market, the earnings of investors accumulated over a long time were lost. Due to the huge fall in the stock market on Monday, Rs 6.08 lakh crore of investors were wasted. Due to today’s decline alone, the market cap of Sensex listed companies declined by Rs 6.08 lakh crore to Rs 442.02 lakh crore. Let us tell you that today Sensex closed with a huge fall of 941.88 points at 78,782.24 points and Nifty 50 also closed with a fall of 309.00 points at 23,995.35 points.

Stock market reached its lowest level in 3 months

Experts believe that this decline was recorded due to uncertainty regarding the presidential elections in America. Meanwhile, the ongoing decline in the Indian stock market has reached its highest level in 3 months. In simple language, the stock market has lagged behind by 3 months. Today’s fall is the biggest fall since October 3. On Monday, shares of more than half of the Nifty 50 companies including Sensex closed in the red. While shares of 24 out of 30 companies of Sensex remained in loss, on the other hand, shares of 42 out of 50 companies of Nifty 50 also closed with a decline.

Highest decline recorded in these Sensex companies

Shares of Adani Ports, included among the 30 Sensex companies, closed today with the biggest decline of 3.23 percent. Apart from this, shares of Reliance Industries closed with a fall of 2.77 percent, Sun Pharma 2.68 percent, NTPC 2.59 percent, Bajaj Finserv 2.44 percent, Tata Motors 2.31 percent, Axis Bank 2.15 percent, Power Grid 2.08 percent and Titan 2.06 percent.

Nifty companies also remained in bad condition

Similarly, shares of Hero MotoCorp, included in Nifty 50, closed the most with a fall of 4.25 percent. Apart from this, shares of Grasim closed with a fall of 3.96 percent, shares of Bajaj Auto 3.46 percent, shares of BPCL 3.05 percent, shares of Eicher Motors 2.49 percent, shares of Hindalco 2.45 percent, shares of Coal India closed with a fall of 2.36 percent, ONGC 2.34 percent. .

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