Investors lost Rs 8 lakh crore due to biggest fall in 7 months, know what is the reason
Investors Poorer by 8 lakh of RupeesSince the end of the festive season after Diwali, the trend of decline in the Indian stock markets continues. Last week, the market closed in the red mark for three consecutive days. The market was closed on Friday due to the holiday of Guru Parv. But on Monday, the market was again dominated by bears and on seeing the Sensex had fallen by 1500 points. Sensex closed with a fall of around 1200 and Nifty 350 points. The biggest fall of the last seven months was seen in the market today, due to which the investors lost Rs 8 lakh crore in a single day.
Why is there disappointment in the market
It is believed that the effect of Prime Minister Narendra Modi’s announcement to withdraw the three agricultural laws was shown on the stock market. The market feels that under electoral pressure, the government can now leave behind major reform decisions. At the same time, there has been a pause on the improvement in the field of agriculture. This is the reason why public sector companies got beaten up a lot in the market.
The end of Reliance and Aramco deal has also affected the market sentiment. The effect of this was that Reliance’s stock fell by Rs 109, due to which there was a big fall in the market.
Since the listing of Paytm’s stock, the investors investing in this stock are constantly having nightmares. It has come down 37 per cent from its IPO price in just two trading sessions and investors have lost Rs 50,000 crore.
Corona cases are increasing in many countries due to which there is despair and worry in the market. Austria has decided to impose lockdown again after the increase in corona cases. Austria is going to make the vaccine mandatory from February.
There is a risk of rising inflation, due to which the interest rate is being feared worldwide. In the month of December, RBI will also review the bi-monthly loan policy.
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