The stock market witnessed a huge decline on Monday, November 4. With the initial trade, the market appeared under pressure, and Sensex and Nifty fell sharply. The Sensex opened at 79,713.14, but now it has fallen by 1000 points to 78,906. Similarly, the Nifty also opened at 24,315.75 points, but now it is trading at 24,036.90, down 267.45 points.
25 out of the top 30 stocks in the stock market fall
Out of the top 30 stocks of the BSE Sensex, 25 are seeing a huge decline, while only 4 are up. Mahindra & Mahindra shares are seeing a gain of 2.39 percent, which is the highest at this time. At the same time, the biggest decline is being seen in Sun Pharma shares, which have fallen by 3 percent. Apart from this, shares of Reliance Industries have also fallen by 2.64 percent, which has further increased the pressure on the stock market.
Decline in all sectors, huge loss to investors
The decline continues in all sectors. The Media sector is seeing a decline of 2.66 percent and the Oil and Gas sector is seeing a decline of 2.47 percent. After this, the effect of the decline is also visible in the finance, auto, bank, and consumer sectors. Investors are suffering huge losses due to the decline in all these sectors.
Shares with heavy decline: 10 major companies fell down
Shares of big companies have also registered a huge decline. Big stocks like RIL, Adani Ports, Sun Pharma, and Tata Motors have fallen by up to 3 percent. Shares of Indian Oil have fallen by 5 percent, while shares of Bajaj Auto have seen a decline of 4.30 percent and Hero MotoCorp by 3.8 percent. Hindustan Zinc is down by 4 percent, HPCL by 3.82 percent, PVR by 6 percent, Chennai Petro Corp by 5.49 percent and Blue Star shares are down by 5 percent.
The market capitalization of BSE
The market capitalization of BSE seems to be collapsing and it is seen at 441.95 lakh crores. 3607 shares are being traded in it and 2547 shares are declining. Only 944 shares are seeing a rise on BSE and 116 shares are trading without any change. There is an upper circuit in 210 shares and a lower circuit in 106 shares.
Profit booking phase and impact of global factors
Experts believe that one of the reasons for the decline in the Indian stock market can also be the phase of profit booking. Apart from this, uncertainty and selling in global markets have also affected the Indian stock market. The possibility of change in interest rates by the US Federal Reserve and other economic factors have also affected the market.
The challenging situation for investors in the stock market
The current market decline is proving to be challenging for investors. Experts say that it may take some time for stability to return to the market, so investors are advised to be cautious. The decline in all sectors has reduced the wealth of investors and they are keeping an eye on the market situation in the next few days.
