The Reserve Bank of India (RBI) has indicated that there will be no change in the interest rates and the RBI will continue to remain hawkish in its stance. Due to which there was a huge fall in the two major stock market indices. According to the RBI, food inflation is continuously increasing. Due to which the effect of headline inflation is being seen. Due to which the RBI stance may remain aggressive during the next cycle as well.
Due to the impact of the RBI decision, Sensex has seen a fall of 582 points. On the other hand, Nifty closed with a fall of 180 points. While a day earlier the stock market had seen a rise of over 870 points. Experts say that the RBI’s stance has been seen as stricter than expected. Due to this fall, stock market investors have suffered a loss of Rs 2.82 lakh crore.
Big fall in Sensex Nifty
Bombay Stock Exchange’s main index Sensex witnessed a major fall after a day of gain. According to the data, Sensex closed at 78,886.22 points with a gain of 582 points. During the trading session, Sensex also touched the lowest level of the day at 78,798.94 points. However, today Sensex opened at 79,420.49 points. A day ago, Sensex had seen a rise of 875 points.
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On the other hand, the main index of the National Stock Exchange Nifty closed at 24,117 points with a fall of 180 points. While during the trading session, Nifty also touched the lowest level of the day with 24,079.70 points. However, on Thursday Nifty opened at 24,248.55 points. A day ago a rise of 305 points was seen in Nifty.
stocks going up and down
Talking about the stock fall first, L&T IM emerged as the biggest loser on NSE which witnessed a fall of over 4 per cent. Shares of Grasim closed with a fall of 3.60 per cent. On the contrary, shares of Asian Paints and Apollo Hospitals have seen a fall of over 3 per cent. On the other hand, shares of Infosys fell by 2.94 per cent. Talking about rise in shares, shares of Tata Motors and HDFC Life have seen a rise of over one and a half per cent. While shares of SBI Life Cipla and HDFC Bank saw a rise of over 1 per cent.
Investors lost Rs 2.82 lakh crore
A day ago, stock market investors recovered well and pocketed Rs 9 lakh crore. Before that, there was a loss of Rs 22 lakh crore due to three consecutive days of decline. If we talk about Wednesday, investors have suffered a loss of Rs 2.82 lakh crore. As per the data, the fiscal market capitalisation of BSE was Rs 4,48,57,306.55 crore a day ago, which has come down to Rs 4,45,75,507.12 crore.
