Due to a sharp decline in mid-cap and small-cap stocks, investors are suffering huge losses in the last trading session of the week. Due to profit booking and selling by foreign investors, the BSE Sensex has slipped 800 points from its high and the Nifty 250 points. Due to this sell-off in the stock market, investors have lost more than Rs 5 lakh crore in today's trading.
Banking-FMCG stocks created pressure
The stock market opened with a boom in the morning, the Sensex was trading with a jump of 270 points and the Nifty with a jump of 70 points. But profit-booking returned to the market again. Banking, FMCG, energy, consumer durables and healthcare stocks are seeing the biggest decline, due to which there is pressure on the market. Out of 30 shares of Sensex, 22 shares are down while 8 stocks are trading with decline. Out of 50 shares of NSE's Nifty, 41 are trading with decline and 9 with rise.
Rising and falling stocks
Due to excellent results in today's trade, tcs stock is trading with a gain of 4.40 percent, Tech mahindra 2.39 percent, Infosys 1.11 percent, Bajaj Finserv 0.62 percent, HCL Tech 0.62 percent and Nestle 0.25 percent. Whereas NTPC is trading with a decline of 3.14 percent, IndusInd bank 2.44 percent, mahindra & mahindra 2.10 percent, Power Grid 2 percent, UltraTech Cement 1.94 percent.
Why is the indian market falling?
Despite the excellent quarterly results of tcs, the market sentiment is bad. donald trump is to be sworn in on 20 january 2025. The market and investors are looking nervous because of this. The Modi government is going to present the second budget of its third term on february 1, the day after the Federal Reserve meeting on january 31. The GDP estimate for the current financial year has been reduced, so there is pressure on the Finance minister to speed up the economy. The historic fall in the rupee against the dollar is also a cause of concern, which fell to the level of 85.93 on Thursday.
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