Sensex slump continues as investors lose rupees two lakh crore

Thursday was not a good day for the Indian stock market. The market closed at a 6-month low due to all-round selling in the market. The Sensex fell by more than 587 points to the level of 36 thousand 472. Sensex has the lowest level since March 5. At the same time, the Nifty also fell about 186 points and slipped below 10800 to the level of 10,732.65. Earlier, the Nifty touched this level on 26 February. During the business, the biggest decline was seen in metal, banking, FMCG and auto sector. But the question is why the stock market was in such a bad condition.

This is why there was an outcry in the market

1. There are many reasons for free fall in the stock market. Actually, the auto and FMCG sector, which is suffering from the economic downturn, is demanding a relief package from the government. But no good news has been given by the government about this. In contrast, Chief Economic Advisor K.K. Subramaniam has advised private sector companies to change the mindset. K. Subramanian compared the private sector to a young man who said, “This 30-year-old man should now stand on his feet.” This adult person cannot constantly ask his father for help. You have to change this thinking. You cannot keep thinking that if you make a profit yourself and if you have a loss, then you should put your burden on everyone. “

2. So far the surcharge was imposed on the FPI (Foreign Portfolio Investors) in the General Budget last July, so far investors are sitting in hope of relief from the government. Recently, there were reports in the media that the government is considering removing the surcharge. Investors welcomed this news and also saw recovery in the market. But once again there is an atmosphere of disappointment among the investors.

3. In the global market too, selling is being seen due to the economic slowdown. Apart from this, the concern of investors has also increased due to the rupee’s depreciation against the dollar.

Over 2 lakh crores wealth of investors wiped off

Meanwhile, on Wednesday, the market cap of the total companies listed on BSE was Rs 1,38,84,069.39 crore. On Thursday, the market cap was reduced by Rs 2,20,836.62 crore to Rs 1,36,66,251.05 crore due to the major fall in the Sensex. In this sense, more than 2 lakh crore rupees of investors were wiped off on Thursday.