Stock Market Updates: Today, the investors of the domestic stock market lost more than 10 lakh crore rupees (10 lakh crore) within a few minutes of the market opening. In fact, all the benchmark indices of the domestic market recorded a sharp decline. This decline has come due to the fear of a crisis on the global recovery due to the increasing cases of Omicrone. The effect of weakness in the global markets was also seen on the domestic market today and investors suffered huge losses due to all-round selling.
Huge fall in the market cap of BSE companies
Within minutes of the commencement of trading, the market cap (market capitalization) of companies listed on BSE declined by Rs 10.47 lakh crore and fell to Rs 253.56 lakh crore. Before this, the market capitalization i.e. market capitalization was at Rs 264.03 lakh crore in the last trading session.
Huge losses in the initial minutes itself
The Sensex showed a fall of 1098 points in the opening minutes itself and it came down to the level of 55,912. The fall of the Sensex below the psychological level of 56,000 can prove to be a big alarm bell for the stock market. On the other hand, the Nifty of NSE fell 324 points to 16,661. All the segments of the Sensex are trading in the red mark and all 30 stocks were seen trading with a fall.
One hour after market opening
At 10.15 am, the Sensex was down about 1300 points and the Nifty was trading at 16,592 after a fall of 329 points. After this the market cap of BSE-listed firms came down further. This had come down by Rs 11.31 lakh crore to Rs 252.72 lakh crore.
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