Stock Market This Week Was Loss For Investors Rs 19 Lakh Crore Sunk In Just Seven Days MarketGyani.com
Stock Market Loss: This week has not been good for investors in the stock market. There has been a huge decline in the stock market in just seven days. Sensex and Nifty declined by 1.7 percent on Friday i.e. 23 December. For the 6th time in seven days, the stock markets closed with a decline. In these days, the investors suffered so much loss that their 19 lakh crore rupees were drowned.
The stock markets are under pressure due to the increase of corona cases in China-Japan and many countries and the possibility of a different strain, the fear of recession worldwide and the increase in rates by central banks. In such a situation, the decline in the Indian stock market has intensified. The Bombay Stock Exchange Sensex closed at 59,845.29 on Friday, down 1.61 per cent or 980.93 points. Similarly, the Nifty ended at 17,806.80, down 320.55 points or a sharp decline of 1.77 per cent.
Loss of more than Rs 8 lakh crore in a single day
The biggest loss day for investors this week was Friday i.e. December 23, 2022. 8.26 lakh crore rupees of these investors were drowned in a single day. There has also been a decline in the market capitalization of all the BSE listed companies. It was Rs 280.55 lakh crore on 22 December, which came down to Rs 272.29 crore on 23 December.
Loss of Rs 19 lakh crore in 7 days
If we look at the market cap of BSE listed companies, then from December 14 to December 23, Rs 18.96 lakh crore has decreased. Talking about the 30 Sensex stocks, out of these only Tata Group’s Titan got an edge on Friday. It closed at Rs 2488.75 per share with a gain of 0.23 per cent.
These stocks fell the most
Barring Titan, the rest of the Sensex stocks saw a decline on Friday. Talking about the maximum decline, the shares of Tata Steel, Tata Motors, State Bank of India, Bajaj Finserv and Wipro are included in this. These stocks have declined from 2.80 per cent to 4.70 per cent.