There was a havoc in the stock market, investors lost 14.26 lakh crores in November

Share Market News: The massive fall in the stock market in the last two days has caused massive financial losses for investors. This fall has led to a loss of wealth of about Rs 12 lakh crore, while in the entire month of November this loss has increased to more than Rs 14 lakh crore. Both Sensex and Nifty have fallen by more than 2 percent in the last two weeks, with Nifty performing relatively weak. Experts believe that this decline has occurred due to the rise in the dollar index, weakness of the rupee and continuous withdrawal of foreign investors (FIIs).

Sharp fall in Sensex

The Bombay Stock Exchange (BSE) key index Sensex closed at 77,690.95 on Wednesday, down 1.25 percent or 984.23 points. At one point, the Sensex fell by 1,100 points to a low of 77,533.30. In the last two trading sessions, the Sensex has fallen by 1,832 points, while during November it has declined by 1,724.92 points, which shows a decline of about 2.17 percent.

Fall in Nifty

The Nifty index of the National Stock Exchange (NSE) closed at 23,559.05, down 1.36 percent or 324.40 points. During the trading session, the Nifty fell 375 points to reach a low of 23,509.60. In the last two days, the Nifty has fallen by 582.25 points, while so far in November it has fallen by 646.30 points, which is a loss of about 2.67 percent.

Fall in key stocks

During this decline, many major stocks also registered a big decline. Shares of Hero Motors fell by 4.21 per cent, Mahindra & Mahindra by 3.47 per cent, Hindalco by 3.40 per cent, Tata Steel by 3.11 per cent and Eicher Motors by 2.94 per cent on the National Stock Exchange. On the other hand, shares of NTPC, Asian Paints, Tata Motors, Grasim and Britannia saw a slight rise, but this rise was very marginal.

The downtrend continued on the BSE as well. Shares of Reliance Industries fell by 1.64 per cent, TCS by 1.12 per cent, SBI by more than 2 per cent and HDFC Bank by more than 2 per cent.

Big loss to investors

The market cap of BSE was Rs 4,44,71,429.92 crore on the last trading day of October, which fell to Rs 4,30,45,533.54 crore in November. This means that in the month of November alone, investors have suffered a loss of Rs 14,25,896.38 crore. Due to the combined decline on Tuesday and Wednesday, investors have suffered a loss of about Rs 13.90 lakh crore.

What could be the reasons ahead?

Experts believe that due to the fall in the rupee, withdrawal of foreign investors and fears of inflation, there is a risk of decline in the market in the coming days. Also, the strength in the dollar index will keep the rupee under pressure. It is estimated that if this trend continues, the stock market can once again reach the level of 75,000.

Thus, the continuous decline in the stock market is increasing the concern among investors, and the hopes of stability in the market in the coming days seem bleak at the moment. Investors are advised to remain cautious and be careful about investing.