Bloodbath in Stock Market: Earthquake in stock market, Sensex down 10% since January, 5 lakh crores of investors drowned due to these 5 reasons
Bloodbath in Stock Market
Highlights
- Sensex closed down more than 1100 points today
- Out of 30 companies of BSE, only 2 remained on the green mark
- Sensex has fallen nearly 10 percent since January
Thursday was no less than a catastrophe in the stock market. Sensex closed down more than 1100 points today due to all-round selling. Out of 30 BSE companies, only 2 Wipro and HCL Tech remained on the green mark. In today’s trading, at one time the Sensex had fallen till the end of 1400. Let us tell you that since January, the Sensex has fallen by about 10 percent i.e. 5,958 points.
The stock markets across the world have been in the grip of a correction for the past few months. The selling has intensified, especially due to the beginning of the period of raising interest rates due to record inflation. After the close of trading, the Sensex closed at 52,930.31 points with a loss of 1,158.08 points (2.14 per cent). Similarly, the NSE Nifty closed at 15,808 with a loss of 359.10 points (2.22 per cent). In the last 1 month, the Sensex has broken 5,500 points. Nifty has also fallen about 10 per cent in the last one month.
inflation in america
One of the main reasons for the fall in the market is US inflation. In the US, the latest inflation figures have been released. According to this, retail inflation in the month of April has come down from 8.5 per cent in March to 8.3 per cent. However, this is higher than the estimate of 8.1 percent. Fears have increased that the Federal Reserve may adopt an aggressive approach in rate hikes. Because of this scared investors are selling.
global trend
There was a decline in the US market yesterday. The Dow Jones Industrial Average was down 326.63 points, or 1.02 per cent. The S&P 500 declined 1.65 percent and the Nasdaq Composite Index fell by 3.18 percent. Asian markets were also in losses today. Japan’s Nikkei fell 1.01 percent, while Hong Kong’s Hang Seng was down 1.05 percent and South Korea’s Kospi was 0.36 percent.
Foreign investors sell off
Foreign portfolio investors have been a seller in the Indian market for the past few months. According to preliminary data, FPIs sold Rs 3,609.35 crore on Wednesday. In this way, in the month of May, FPIs have so far withdrawn Rs 17,403 crore from the Indian market. Talking about this year, so far in 2022, FPIs have sold Rs 1,44,565 crore.
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