Big blow to investors, five lakh crores drowned due to heavy fall, know the reason

Monday was a very bad day for the stock market. After the start of trading on the red mark, both the index of the market Sensex and Nifty collapsed at once. With the opening of the Sensex, it broke up to 1400 points and slipped to the level of 56 thousand. Along with this, the Nifty index also declined strongly and reached a low of 16,900, taking a strong fall of 410 points. This huge fall that coincided with the opening of the market has caused huge losses to the investors.

Five lakh crores defrauded

Investors suffered huge losses due to this tremendous fall in the stock market as soon as trading started on Monday. The market cap of listed companies came down to Rs 258.11 lakh crore, as against Rs 263.47 lakh crore on Friday, the last day of the last trading week. That is, investors lost more than five lakh crore rupees due to this fall. It is worth noting that except TCS in 30 stocks of Sensex, the remaining 29 stocks are trading on the red mark.

Bad condition of banking stocks

In today's fall, most of the stocks are trading with a fall. But in the meantime, banking stocks are seeing the biggest fall. SBI shares are trading down up to 4 per cent, while HDFC shares have fallen by 3 per cent and ICICI Bank by up to 3.50 per cent. If we look at other stocks, UltraTech, Dr. Reddy, Larsen & Toubro, Tata Steel Bajaj Finance, IndusInd Bank, Bajaj Finserv have declined 3-3 per cent. Shares of Airtel, Titan, Asian Paints, Maruti, Tech Mahindra, Kotak Bank, Axis Bank, Wipro Nestle have also lost 2-2 per cent.

Adani-Ambani shares fall

Due to this fall, the shares of Mukesh Ambani-led Reliance Industries and Gautam Adani-led Adani Wilmar have also declined. Adani Wilmar's stock has lost up to 2.56 per cent, while Reliance, Hindustan Unilever, Infosys, ITC and NTPC have lost 1 per cent each.

Major reasons for the decline in the market

Talking about the main reason for the huge fall in the market on Monday, apart from increasing inflation in the US, the possibility of increasing interest rates by the US Federal Reserve from March has also affected the market. Simultaneously, the prospect of a war between Russia and Ukraine is also causing a fall in the domestic market along with global markets, which is affecting investor sentiments.