Stock market meltdown today: On Monday, the major Indian equity indices, the BSE Sensex and Nifty50, saw a sharp decline in trading. The BSE Sensex fell more than 1,400 points, but the Nifty50 fell below 23,900. The BSE Sensex was down 1,198 points, or 1.50%, at 78,526.57 at 1:14 AM. The Nifty50 was down 397 points, or 1.64%, at 23,906.90.
Weakness in the banking, financial, and technology sectors caused major indices to decline. Because of the impending U.S. presidential election and possible Federal Reserve rate decisions, investor sentiment remained cautious.
According to an ET report, the overall market value of companies listed on the BSE fell by Rs 8.44 lakh crore to Rs 439.66 lakh crore.
The Sensex fell 420 points as a result of the combined efforts of Reliance Industries, Infosys, ICICI Bank, HDFC Bank, and Sun Pharma. Tata Motors, TCS, Axis Bank, and L&T all applied more pressure.
Nifty Bank, Auto, Financial Services, IT, Pharma, Metal, Realty, Consumer Durables, and Oil & Gas all had poor performances, with declines ranging from 0.5% to 1.7%. The India VIX, a measure of market volatility, rose 5.2% to 16.73.
Nifty Bank, Auto, Financial Services, IT, Pharma, Metal, Realty, Consumer Durables, and Oil & Gas all had poor performances, with declines ranging from 0.5% to 1.7%. The India VIX, a measure of market volatility, rose 5.2% to 16.73.
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