Share Market has seen a decline of 2.75 percent this week.
When this week started, there were two big news in front of the country and stock market investors. The first GST rate cut will be applicable. Secondly, H1B visa fee increases from Trump. But the senses of investors bowed towards bad news. Due to which the phase of decline in the stock market started once again. Due to the continuous decline, it was expected that after the expiry on Friday, the Sensex and Nifty would appear on the green mark. But before that the US President broke another bomb. Trump imposed a 100 % tariff on Pharma import. Due to which all the pharma stocks of the country crashed. You will be surprised to know that both Sensex and Nifty have fallen by 2.75 percent in this week. Due to which the stock market investors have lost up to Rs 16 lakh crore. Let us also tell you what kind of story the stock market figures are telling.
Stock market crashed
The story of the decline in the stock market started from Monday. Nobody feared that Sensex and Nifty would come on the red mark in the day of GST reform. But this happened. Visa hike caused panic spread among investors and started profit booking. After four days of profits this week, it was estimated that investors in the stock market would once again start positive methods in the stock market. But Trump carried his second weapon and put a 100 percent tariff on Pharma import. Due to which the stock market saw further decline over the rest of the days.
According to the data, the Bombay Stock Exchange’s major index Sensex closed at 82,626.23 points on 19 September. Whereas on Friday, the Sensecas came to the lower level of the day with 80,332.41 points. This means that this week the Sensex has seen a decline of up to 2,293.82 points. Investors have lost 2.78 percent so far due to Sensex. Talking about Friday, the Sensex has seen a decline of 827.27 points. The Sensex is trading at 80,399.80 points with a decline of 759.51 points at 3.10 pm.
On the other hand, there has been a big decline in the National Stock Exchange. NSE’s major index Nifty closed on 19 September with 25,327.05 points. After that, on Friday, with 24,629.45 points, he came to the lower level of the day. This means that the Nifty has fallen by 697.55 points i.e. 2.75 percent this week. The Nifty is trading at 24,650.65 points with a decline of 243 points at 3.3:30 in the afternoon.
Fat loss to investors
If we talk about investors, then there has been a big loss in this week. The loss and benefit of investors depends on the BSE market cap. According to BSE data, on September 19, the market cap of BSE was Rs 4,66,32,723.37 crore. At the same time, during the current trading session, the market cap of BSE came to Rs 4,50,14,095.99 crore. This means that this week investors have lost up to Rs 16.18 lakh crore. If we talk about Friday, then the market cap of BSE has seen a decline of up to Rs 7.22 lakh crore.