A big fall was seen in the stock market on Friday. The Sensex was down more than 600 points and was trading below 81,700, while the Nifty was down more than 200 points and was trading below 25,300. A big fall of about 500 points was also seen in Nifty Bank. This fall resulted in a loss of more than ₹3.35 lakh crore in BSE market cap.
Out of the top 30 stocks of BSE, only six stocks rose, while the remaining 24 stocks declined. The biggest decline was seen in Airtel, IndiGo and Maruti, which fell more than 2 percent. Except IT, Media and Oil & Gas, all other sectors were trading in negative.
The biggest decline was seen in these stocks:
Renaissance Global fell 11 per cent to below ₹130. CreditAccess Grameen and Vishal Mega Mart also saw a decline of 7 percent. Karur Vysya Bank shares fell 5%. Shares of Tata Communications fell more than 4%.
A sharp decline has been observed in the global stock market. Weakness has been seen in the US S&P 500 and European markets. Tech-heavy Asian markets are also putting pressure on the Indian market, following the weakness of NASDAQ.
Foreign investors are continuously selling. On Thursday, foreign institutional investors (FIIs) sold around ₹3,465.99 crore, further weakening the stock market.
The India VIX, or fear index, rose nearly 3% to 13.44, further adding to market fears.
A decline was also seen in heavyweight stocks. The sharp fall in stocks like Airtel and IndiGo on BSE further increased the market pressure.
2,475 shares are down
Of the 4,144 stocks, 1,483 are rising and 2,475 are falling. There is no change in 186 shares. 83 shares are trading at 52-week high, while 256 are at 52-week low. 140 shares are in the upper circuit and 132 are in the lower circuit.
