Stock Market Down: Investors Lost Rs 1.66 Lakh Crore Following RBI Policy
Stock Market Down
The Indian stock market witnessed a decline on Thursday, 8 June, following the announcement of the RBI’s monetary policy. This marked the end of a four-day rally in the market.
The Sensex, a key benchmark index, closed down by 294 points, while the Nifty index dropped below the 18,650 level.
The sectors that experienced the most significant declines were realty, telecom, auto, pharma, IT, and banking stocks.
However, power and utility stocks showed an upward trend. The broader market also experienced a downturn, with the BSE Midcap and Smallcap indices closing down by 0.87% and 0.47% respectively.
As a result of this market decline, the total market capitalization of listed companies on the BSE decreased to Rs 287.51 lakh crore. Investors suffered a substantial loss of approximately Rs 1.66 lakh crore on this day in the stock market.
It is important for investors to stay updated with the latest market trends and consult financial advisors before making investment decisions to mitigate risks associated with market fluctuations.
The Bombay Stock Exchange (BSE) witnessed a decline at the end of the trading session, with the 30-share index Sensex closing at 62,848.64, down by 294.32 points or 0.47 percent.
Similarly, the National Stock Exchange (NSE) saw the 50-share index Nifty closing at 18,634.55, down by 91.85 points or 0.49 percent.
1.66 Lakh Crore of Investors Money Lost
On June 8, the total market capitalization of companies listed on the Bombay Stock Exchange (BSE) witnessed a decline.
The market capitalization fell from Rs 289.05 lakh crore on the previous trading day (June 7) to Rs 287.51 lakh crore. This signifies a decrease of approximately Rs 1.66 lakh crore in the market capitalization of BSE-listed companies.
To put it another way, investors experienced a loss of around Rs 1.66 lakh crore in terms of wealth. The decline in market capitalization reflects the overall decrease in the combined value of all listed companies on the BSE.
These 5 Stocks of Sensex Gained the Most
Out of the 30 stocks comprising the Sensex, only six managed to close the trading day with gains. Among these stocks, NTPC (NTPC) emerged as the top gainer, registering a significant gain of 3.13 percent.
Following NTPC, the other stocks that witnessed notable gains were Power Grid, Larsen & Toubro (L&T), HDFC (HDFC), and Reliance Industries (RIL). These stocks closed the day with gains ranging from 0.14 percent to 1.30 percent.
The positive performance of these stocks indicates relative strength and investor interest in these companies.
These 5 Stocks of Sensex Were Down the Most
Among the 30 stocks that make up the Sensex, 24 of them closed the trading day with a decline. Among these stocks, Kotak Mahindra Bank registered the highest decline, with its shares falling by 2.55 percent. Following Kotak Mahindra Bank, the shares of Sun Pharma, Tech Mahindra, Mahindra & Mahindra (M&M), and Axis Bank experienced significant losses and closed down by percentages ranging from 1.52 percent to 2.19 percent.
The downward movement in these stocks signifies the selling pressure and negative sentiment prevailing in the market for these particular companies.
It is important for investors to carefully assess the reasons behind such declines, including factors like company-specific news, industry trends, and broader market conditions.
Seeking expert advice and conducting thorough research can help investors make informed decisions in the face of stock market fluctuations.
2,055 Stocks Were Down Today
In today’s trading session on the Bombay Stock Exchange (BSE), a significant number of stocks closed with losses compared to those that closed with gains. A total of 3,668 stocks were traded on the exchange during the day.
Out of these, 1,494 stocks closed with gains, indicating positive performance for those companies. However, 2,055 stocks witnessed a decline, reflecting a downward trend in their prices.
Additionally, 119 stocks closed flat, meaning their prices remained unchanged without any fluctuations.
The higher number of declining stocks suggests a prevailing bearish sentiment in the market, where a larger portion of stocks experienced selling pressure.
It highlights the importance of conducting thorough research and analysis before making investment decisions to navigate the complexities of stock market movements.
Seeking advice from financial professionals and staying updated with market trends can help investors make well-informed choices.
Disclaimer: The information provided herein is for informational purposes only. It is crucial to note that investing in the market carries inherent risks. It is always advisable to seek expert advice before making any investment decisions as an investor. We do not provide recommendations or advice to invest money in the market.
