Publish Date: | Mon, 13 Jun 2022 06:12 PM (IST)
Sensex Crash Update: On the very first day of the week, there was a sell-off in the stock market and on Monday there was a huge fall in the stock market. Indian stock markets were badly shaken by the storm of selling on Monday due to global factors. The Sensex touched 52,569.57, down more than 1,700 points. At the same time, the Nifty index has also seen a decline of about 400 points. On Monday, June 13, the Bombay Stock Exchange (BSE) 30-share index Sensex closed at 52,847, down 1,456.74 points or 2.68 per cent. At the same time, the 50-share index Nifty of the National Stock Exchange (NSE) closed at 15,774, down 427.40 points or 2.64 per cent. Investors have lost more than 6.5 lakh crore during the trading session on Monday.
Sensex crashes 1456 points on global selloff; investors poorer by Rs 6 lakh crore
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All top stocks fall
All the shares of the top 30 stocks of the Sensex closed on the red mark. Only Nestle India’s stock saw a rise of about half a percent. Apart from this, there has been a big sell-off in all. Today’s top loser stock was Bajaj Finserv, whose shares saw a big fall of about 7 percent. Apart from this, Bajaj Finance, IndusInd Bank, Tech Mahindra, ICICI Bank, TCS, NTPC, SBI, Infosys, LT, Ultrachemical, Kotak Bank, Wipro, Tata Steel, M&M, Dr Reddy’s, HCL Tech, HDFC, Titan, Sun Pharma, ITC And many stocks including Reliance registered a fall.
Why did the period of decline come?
It is believed that due to the inflation rate reaching a record level in America, the market is believed to be dominated by a continuous decline. Inflation in the US has reached the highest level in 40 years. Along with this, foreign investors are continuously selling in view of the possibility that the US Fed Reserve may increase interest rates in the coming days. Investors are withdrawing their money not only from India but also from many emerging countries in a rage, which has completely spoiled the sentiment of the market. In the near future also there is a trend of weakness in the market and according to experts, stability in the Indian market will come only after stabilization in the US markets.
Posted By: Shailendra Kumar