There was a huge decline in the stock market during Covid-19. After that, for the first time in the month of October, a decline is being seen in both Sensex and Nifty. The month of October is not even over yet. During this period, Sensex has fallen by about 6 percent and Nifty by more than 6 percent. The special thing is that during this period, stock market investors have suffered a loss of Rs 36.37 lakh crore.
According to experts, there are many reasons for the decline in the stock market in the month of October. In which the biggest reason is withdrawal of money from the stock market by foreign investors. Whose figure has reached above Rs 85 thousand crores. Experts have pointed out many times that the valuation of the stock market has increased significantly. This means that the market is overvalued, which is now returning to its size.
On the other hand, the results of companies are coming out in the second quarter. Which is not very special. Companies are incurring losses in the September quarter. The effect of which is clearly visible in the stock market. The results of the upcoming US elections are full of uncertainties. On the other hand, tension is continuously increasing in the Middle East. The effect of which is clearly visible in the stock market. Let us also tell you how much loss has been incurred by investors in the stock market in October including Friday.
Stock market fell for the 5th consecutive day
There was a decline in the stock market for the 5th consecutive day. Bombay Stock Exchange’s main index Sensex closed at 79,402.29 with a decline of 662.87 points or 0.83 percent. At one time during trading, it fell 927.18 points to 79,137.98. However, due to buying at lower levels in the last hour, the fall was reduced. If we talk about the last 5 days, the Sensex
A decline of 1,822.46 i.e. 2.24 percent has been seen. On the last trading day of last week, the Sensex was at 81,224.75 points.
On the other hand, a decline has also been seen in Nifty. National Stock Exchange’s main index Nifty fell 218.60 points or 0.90 percent and closed at 24,180.80. Nifty reached 24,073.90 points during the trading session. If we talk about the last 5 trading days, a fall of 673.25 points has been seen in Nifty. On the last trading day of last week, Nifty was seen at 24,854.05 points.
Big fall in Sensex and Nifty in the month of October
In the month of October, about a week before Diwali, a big fall has been seen in the stock market. This is believed to be the biggest fall in the stock market in a single month after Covid-19. If we look at the data, the main index of Bombay Stock Exchange, Sensex, was at 84,299.78 points on the last trading day of last month. In which a decline of 4,897.49 points has been seen. This means that the Sensex has fallen by 5.81 percent in the month of October. On the other hand, Nifty has fallen by more than 6 percent. According to the data, the main index of the National Stock Exchange, Nifty, was at 25,810.85 points on the last trading day of last month. In which till now there has been a decline of 1,630.05 points i.e. 6.32 percent.
Big loss to stock market investors
On the other hand, stock market investors suffered huge losses on Friday. On Thursday, the market cap of BSE was Rs 4,43,79,304.92 crore, which has come down to Rs 4,36,98,921.66 crore. This means that investors have suffered a loss of Rs 6,80,383.26 crore on Friday. In the last 5 trading days, stock market investors have suffered a loss of Rs 21,16,447.62 crore. On the last trading day of last week, the market cap of BSE was Rs 4,58,15,369.28 crore. If we talk about October, the loss of stock market investors increases to Rs 37,36,215.49 crore. The market cap of BSE on the last trading day of last month was Rs 4,74,35,137.15 crore.
