The Bombay Stock Exchange’s major index Sensex closed with a fall of about 400 points. On the other hand, Nifty has declined by about 132 points.
share market But the effect of the banking crisis is already being seen, while today a decision of the central government also showed the face of a decline in the stock market and drowned about Rs 2.50 lakh crore of the market investors. The Bombay Stock Exchange’s major index Sensex closed with a fall of about 400 points. On the other hand, Nifty has declined by about 132 points. Reliance shares have fallen by about two per cent. Shares of Bajaj Finserv and Bajaj Finance have also declined by more than 3 per cent.
The biggest fall in the stock market has come from the increase in securities transaction tax. In the Finance Bill 2023, the government has increased the security transaction tax on the sale of options and futures. Because of which there has been a decline in the shares of Financial Institutions.
stock market crash
The stock market is seeing a decline for the second consecutive day. According to the data, the Bombay Stock Exchange’s major index Sensex fell by 398.18 points to close at 57,527.10 points. Whereas a day before, the Sensex had seen a decline of 289.31 points. In this way, the Sensex has lost 687.49 points in two days. On the other hand, the National Stock Exchange’s major index Nifty closed at 16,945.05 points with a decline of 131.85 points. In recent times, Nifty has come below 17 thousand marks for the second time.
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which stocks fall
Both Bajaj Finance and Finserv have seen a decline of more than 3 per cent on the National Stock Exchange. Bajaj Finserv closed down by about 4 per cent and Finance by 3.22 per cent. Shares of Tata Steel closed down by 2.72 per cent, Hindalco by 2.71 per cent and Adani Port by 2.69 per cent. The shares of Reliance, the country’s largest company, have seen a decline of about two per cent.
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Losses to stock market investors
Due to the decision of the government, the market investors have suffered a huge loss in a single day. In fact this loss is linked to the market cap of BSE. When the stock market closed on Thursday, the market cap of BSE stood at Rs 2,57,12,721.74 crore. Today the market cap decreased to Rs 2,54,63,304.10 crore. This means that market investors lost Rs 2,49,417.64 crore in a single day.
