On one hand, the ongoing tension between Canada and India is gaining momentum, while on the other hand, the Indian stock market is continuing to collapse. After seeing a big fall on the previous trading day on Wednesday, Thursday is also proving to be a bad day for the stock market. By 1.30 pm, while Sensex saw a fall of more than 600 points, Nifty also slipped by more than 160 points. Due to this decline, investors investing in the stock market lost Rs 1.1 lakh crore.
Sensex-Nifty decline continues for two days
Till the time of writing the news, at 1.30 pm, the 30-share Sensex index of Bombay Stock Exchange (BSE Sensex) was trading at the level of 66,192.31 with a decline of 608.53 points or 0.91 per cent. At the same time, the Nifty index of the National Stock Exchange (NSE Nifty) was trading at the level of 19,733.90, falling by 167.50 points or 0.84 percent. Let us tell you here that on Wednesday also there was a big fall in Sensex and Nifty and Sensex fell by 800 points.
Investors lost so much wealth in one fell swoop
In these two days of decline in the stock market, a large part of the investors’ wealth has been lost. If we look at the market capitalization of companies listed on BSE, two days ago BSE MCap was Rs 323.01 lakh crore, which came down to Rs 320.51 lakh crore on Wednesday. After the decline recorded so far on Thursday, it has slipped to Rs 319.41 crore. According to this, Rs 3.6 lakh crore of stock market investors have been lost in just two days.
Situation of Canadian investing companies
The effect of increasing tension between Canada and India is also visible on those Indian companies in which Canada Pension Fund’s money is invested. Most of these shares had seen a decline on Wednesday, while the situation was similar on Thursday also. Stocks of other companies including CCPIN’s investment NYKAA Stock 2.54%, ICICI Bank Ltd 2.14%, Indus Towers Share 1.76%, Kotak Mahindra Bank Stock 1.17%, Zomato Share 1%, Paytm (One97 Communications Share) 0.88% are also in the red. Were trading.
Foreign investors sold heavily
According to stock exchange data, foreign institutional investors (FIIs) had sold Rs 3,111 crore during the last trading session, while domestic institutional investors (DIIs) had sold Rs 573 crore, the effect of which was also visible on the stock market. Used to be. Not only the Indian stock market but global markets are also witnessing a decline. Japan’s Nikkei index fell 1.26 percent, South Korea’s Kospi fell 1.51 percent, Hong Kong’s Hang Seng fell 1.32 percent and Shanghai Composite fell 0.47 percent.
(Note- Before making any kind of investment in the stock market, definitely take advice from your market experts.)