Stock market update: Sensex tumbles over 800 points
A big decline has been seen in the stock market today i.e. Monday (23 October). Sensex fell 825 points (1.26%) and closed at 64,571. At the same time, Nifty also declined by 260 points (1.34%), it closed at the level of 19,281.
Due to this market decline, investors lost Rs 12.79 lakh crore today. After this fall, the market cap of BSE has decreased to Rs 311.55 lakh crore, it was Rs 324.12 lakh crore on last Friday.
Out of 30 Sensex stocks, 28 have seen a decline and only 2 ended in the green. Today the biggest decline has been seen in metal, reality, IT and banking shares. Rupee fell 6 paise to close at Rs 83.18 against the US dollar.
Softening of crude oil prices
Crude oil, which had strengthened by about 2% last week, is showing a decline of 1%, Brent crude is trading at $ 91 per barrel, WTI crude is also trading at $ 87 per barrel with a decline of 1%.
Second quarter results of many companies this week
Throughout this week also, about 250 companies will declare the results of the second quarter (July-September) of the financial year 2023-24. These include names like Reliance Industries, Axis Bank, Tech Mahindra, Asian Paints, Maruti Suzuki, Bajaj Finserv, SBI Life, Cipla, Dr. Reddy’s and NTPC.
There was a decline in the market last week
There was a decline in the stock market on the last day of the last trading week i.e. Friday (20 October). The Sensex fell 231 points and closed at 65,397. At the same time, there was a fall of 82 points in Nifty, it closed at the level of 19,542. The Sensex had fallen 1.18% in the entire last trading week. Nifty also had a decline of 0.90%.
