New Delhi. Today, there has been a huge decline in the Indian stock market, the main reasons for which are believed to be the new rules of SEBI and the ongoing conflict in the Middle East. Investors are seen doing heavy selling, due to which the market continues to fall. Bombay Stock Exchange (BSE) key index Sensex opened today falling 1264 points at 83,002.09. The Nifty of the National Stock Exchange (NSE) was also seen trading at 25,530 with a decline of 1.03 per cent or 266 points in early trade. Out of 50 shares of Nifty, 44 shares were seen trading on the red mark, while 6 shares were seen trading on the green mark. Out of 30 Sensex shares, 27 shares were trading in the red mark and only 3 shares were trading in the green mark.
Sensex fell by 1800 points
The decline in the stock market increased further as the day progressed. By Thursday afternoon, the Sensex was trading at 82,449, down 2.16 percent or 1817 points. Similarly, Nifty also recorded a decline of 2.11 percent or 543 points, due to which it was trading at 25,253.
Why did the stock market fall?
There are many reasons behind this huge fall in the stock market. The impact of the new rules implemented by SEBI is visible on the market. Along with this, the ongoing conflict in the Middle East and uncertainty in the global markets have also created fear in the minds of investors, due to which heavy selling is being seen. There has been a loss of about Rs 6 lakh crore due to this decline.
What’s going on in India
Why share market down.. #stockmarketcrash#SEBI pic.twitter.com/adc14nIFan
— VISHNU BHARDWAJ (Vasudhaiva Kutumbakam) (@Vishnu_Sharma__) September 30, 2024
Decline in major Nifty stocks
Talking about the major stocks of Nifty, maximum decline was seen in Eicher Motors by 3.12 per cent, Bajaj-Auto by 2.61 per cent, Tata Motors by 2.56 per cent, BPCL by 2.55 per cent and Mahindra & Mahindra by 2.37 per cent. At the same time, some selected shares like JSW Steel, ONGC, Hindalco, Trent Limited and Sun Pharma showed slight gains.
Biggest decline in realty and auto sector
Among sectoral indices, the biggest decline was seen in Nifty Realty 1.60 per cent, Nifty Auto 1.53 per cent, Nifty FMCG 1.13 per cent and Nifty Midsmall Healthcare 1.04 per cent. Apart from this, Nifty Bank, Nifty Financial Services, Nifty IT, Nifty Media, Nifty Pharma, Nifty PSU Bank, Nifty Consumer Durables and Nifty Oil & Gas also declined. In early trade, all sectoral indices were seen trading in the red.
