Share Market Live Update: Sensex and Nifty opened with a fall today amid the war in Russia-Ukraine. On Monday, the first trading day of the week, the 30-share key sensitive index Sensex of BSE opened at 53,172.51 level, down 1161.3 points at 9.15 am. On the other hand, Nifty also started trading today with a red mark. Sensex came down below 53000 in early trade. It was at the level of 52,924.54, breaking 1409.27 points or 2.59%. At the same time, Nifty was trading at the level of 15,847.35 with a dive of 398.00 points.
This share included in the portfolio of Bigalbul Rakesh Jhunjhunwala is now doing poor, earlier making investors millionaires
Capitalization of top seven companies declined by Rs 2.11 lakh crore last week
The market capitalization of seven of the top 10 companies fell by Rs 2.11 lakh crore due to all-round sell-off in the stock market last week. This includes HDFC, HDFC Bank and Hindustan Unilever, ICICI Bank, Bajaj Finance, Bharti Airtel and State Bank of India. In contrast, valuations of Reliance Industries Ltd., Infosys and Tata Consultancy Services rose.
FPIs withdrew 17,537 crore in March
Foreign portfolio investors (FPIs) have withdrawn Rs 17,537 crore from the Indian stock markets in just three trading days of March (March 2 to 4). The uncertainty created by the Ukraine crisis and the adverse impact on business sentiment due to rising crude oil prices has acted to accelerate this outflow of FPIs. Apart from this, FPIs have also remained a seller in the debt segment in view of the depreciating position of the rupee against the dollar.