On the first trading day of the week, bad news is coming from every front for India. Stock market investors' money is sinking and the rupee is losing its strength against the dollar. In the stock market, the BSE Sensex has fallen by 800 points and has slipped below 77000 points to the level of 76535. The National Stock Exchange's Nifty has also fallen by about 260 points to 23,172 points. Due to this fall in the stock market, investors' Rs 4.22 lakh crore has vanished.
Stock market is a victim of nervousness
In today's fall in the stock market, once again the biggest blow has been on the shares of midcap and smallcap companies. Nifty's midcap index is trading with a fall of 900 points. Nifty's smallcap index is also down by 250 points. On the other hand, due to the storm in the market today, the shares of all sectors are seeing a decline. There is a decline in the shares of banking, auto, IT, metals, FMCG, pharma, healthcare and energy sectors. india Vix, which measures the volatility in the market, is trading with a jump of 6.77 percent.
Record fall in rupee
In Monday's session, the rupee has again fallen to an all-time low against one dollar in the currency market. In today's session, the rupee has fallen by 43 paise to the level of 86.40 against one dollar as compared to the previous closing of Rs 85.97. This is the first time that the rupee has fallen to this level against one dollar.
Rise in crude oil increased trouble
The latest US sanctions on Russian oil companies have increased India's problems. It may be difficult for india to import crude oil from Russia. In such a situation, it will have to import crude oil from other countries at a higher price. Due to America's decision, the price of crude oil has reached a 4-month high of $81.44 per barrel.
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