Stock market crash: Investors 4.83 lakh crore lost

Fear of stunting the growth of the global economy as Corona raises its head in various countries

Sensex down 1158 points to 60,000 and Nifty down 354 points to 18,000

Foreign investors Rs. 3818 crore for sale: Sensex 59984, Nifty 17857

AHMEDABAD: The Sensex lost 60000 points and the Nifty lost 18,000 points today on the back of heavy selling pressure in the Indian stock market ahead of the Diwali festivities. At the same time, in a single day, Rs. 4.83 lakh crore was eroded.

Corona has re-emerged in many countries around the world. In which re-lockdown has been implemented in Russia and China. On the other hand, there is a fear of stunting the growth of the global economy due to the increase in cases in European countries. Asian and European markets were down today ahead of the European Central Bank meeting. Meanwhile, reports that Morgan Stanley downgraded Indian equity also had an adverse effect.

On the other hand, other adverse reports on the market, including the Reserve Bank's withdrawal of liquidity from the domestic market, rising inflation following the continuous rise in petrol-diesel prices, and the recent weak results by leading companies, have had a negative impact on the market.

Following these reports, the BSE benchmark Sensex lost 60,000 intraday to 59,777 on the back of a sell-off in the Mumbai Stock Exchange today.

At the NSE, Nifty intraday lost 18,000 points to 17,799 and fell 353.70 points to close at 17,857.25. In the wake of the Sensex crash, investors' assets (BSE market cap) rose by Rs. 4.83 lakh crore at the end of operations. 260.48 lakh crore. Foreign investors today raised Rs. 3818 crore was sold.

Impact of IPO on Ghodapur market before Diwali

Ghodapur of IPO is also responsible for today's stock market crash. According to the available data, the next date. The IPOs of ten companies are expected to hit the market by November 11. Which includes well-known companies. To invest in this IPO, retail investors today also started selling heavily in the cash segment. Thus, Ghodapur of IPO also had an impact on the market.