Stock market
September 22 is a big day for India. Today i.e. on Monday, GST 2.0 came into force. Apart from many household items, cars, insurance policies etc. became cheap. It was expected that its effect would be seen on the stock market. But this could not happen. The US President has announced to increase the fee on the H-1B Visa. He completely turned off the mood of the market. Within just two minutes of opening the market, the Sensex saw a decline of 475 points. Due to which the stock market investors lost more than Rs 1.50 lakh crore. After Trump’s decision, IT companies will have to pay more as immigration charge. Due to which the cost of companies on foreign land will increase. This is the reason that there is a big decline in the shares of the country’s IT companies. From TCS to Infosys, Tech Mahindra and HCL Tech, there is a big decline in shares. Let us also tell you what kind of figures are being seen in the stock market.
stock market crash
There is a decline in the stock market on Monday. The Bombay Stock Exchange’s major index Sensex is trading at 82,450.52 points after a decline of 175.71 points at 9.32 pm. Whereas at 9.17 am, the Sensex fell at the lower level of the day with a decline of 475 points, 82,151.07 points. The special thing is that on Friday, the Sensex closed down at 82,626.23 points. The Nifty, the major index of the National Stock Exchange, is also seen trading on the red mark. In two minutes, the Nifty fell by 115.45 points to 25211.60 points. But now there is some recovery in the Nifty. Due to which the Nifty is trading at 25,301.85 points with a fall of 22 points at 9.35 am.
Decline in IT shares?
After increasing the fee of Trump’s H-1B Visa, there is a big decline in the shares of the country’s IT companies. According to the data, the shares of TCS, the country’s largest ITS, are trading with a decline of 2.23 per cent. Whereas Infosys shares are seen to have a decline of 2.07 percent. Tech Mahindra’s stock is trading with a decline of more than 4 per cent. HCL Tech’s stock is also seen trading with a decline of 2 per cent. At the same time, the share of Reliance Industries, the country’s largest company, is seen doing flat business.
How much loss to investors in two minutes?
Even though the stock market is recovering slowly, the stock market reached the lower level of the day in two minutes, due to which the investors lost more than Rs 1.5 lakh crore. According to the data, when the Sensex reached the lower level of the day, the market cap of BSE was at Rs 4,64,608.46 crore. Whereas after the stock market was closed on Friday, the market cap was appearing at Rs 4,66,32,723.37 crore. This means that investors saw a loss of Rs 1,56,114.91 crore in two minutes.