Indian stock market in chaos due to recession…

The first trading session of the week has proved to be Black monday for the indian stock market. The Japanese stock exchange Nikkei 225 fell by 13 percent or 4750 points and the fear of recession in the US stock market caused a huge fall in the last trading session, which caused chaos in the indian markets. The BSE Sensex fell by 2700 and the National Stock Exchange's Nifty by 825 points during the day's trading. Midcap and smallcap stocks also could not withstand this storm in the market and the stocks of both the sectors fell down drastically.

Due to this fall in the stock market, investors have suffered a loss of Rs 15.50 lakh crore in a single session. At the end of today's trading, the BSE Sensex closed at 78,759 with a fall of 2222 points and the National Stock Exchange's Nifty closed at 24,055 points, falling 662 points.

Strong profit booking in PSU stocks

Due to this fall in the market, Bharat Forge closed with a fall of 6.18 percent, Madrasan 9.18 percent, lic Housing Finance 8.34 percent, Tata Motors 7.31 percent, Mphasis 4.43 percent, Bharat Electronics 4.19 percent, Hindustan copper 6.71 percent, Nolco 6.62 percent, SAIL 6.57 percent, ONGC 6.01 percent, GMR airport 5.61 percent. Despite this huge fall, the stocks which remained bullish include Dr Lalpath Lab 2.05%, Marico 1.47%, Dabur india 1.03%, HUL 0.87%, Nestle 0.63%, hdfc Life 0.49%, Tata Consumer Products 0.48%.

Investors lost more than 15 lakh crores

Investors have suffered huge losses due to the huge fall in the indian stock market. The market cap of stocks listed on the BSE closed at Rs 441.83 lakh crore, which closed at Rs 457.16 lakh crore in the last session. Investors lost Rs 15.33 lakh crore in today's session.