The excitement of Diwali has now come to a halt in the stock market. After a 2-day holiday, the business week started with a decline on 4th November. On the first day of the trading week, the stock market started with a slight fall, but within just 15 minutes of the market opening, there was a huge fall in the Sensex and Nifty. In this market fall, investors lost Rs 5.15 lakh crore in 15 minutes.
Both the major indices of the stock market, Sensex and Nifty, are being beaten and selling is going on in full swing. Almost all the stocks are trading in the red. While Sensex has fallen by more than 1000 points, Nifty has also fallen by 330 points. In such a situation, the question arises that after Diwali, whose attention has caught the stock market?
Whose eye fell on you?
Although there could be many reasons behind the sharp fall in the stock market and due to the huge fall in IT shares with the beginning of the November series, more weak trade is being seen today. But the biggest reason behind this is the US elections and the US Fed meeting. Presidential elections are to be held in America this week. The result of this election will affect not only America but also global markets. Apart from this, the meeting of the US Federal Reserve is also important for investors.
BSE market cap decreased
At present, the situation is looking bad for BSE Sensex and it is trading at 78,683 with a fall of more than 1040 points. There is a decline of 330 points in Nifty, it is trading at 23976 after falling by 328 points. Amidst the market decline, the market cap of all listed companies on BSE declined by Rs 6.8 lakh crore to Rs 441.3 lakh crore.
The biggest decline is seen in Reliance Industries, Infosys, ICICI Bank, HDFC Bank and Sun Pharma Sensex. Due to these companies the market has fallen by 420 points. At the same time, L&T, Axis Bank, TCS and Tata Motors also brought down the index.