Stock Market BSE NSE Nifty Today: Market Capitalization Of Listed Companies Reduced by 4.38 Lakh Crore In Two Days | Sensex reached near 52 thousand, fell by 1,097 points in two days, buy in declining stocks

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  • Stock Market BSE NSE Nifty Today: Market Capitalization Of Listed Companies Reduce By 4.38 Lakh Crore In Two Days

Mumbai15 hours agoAuthor: Ajit Singh

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  • Tomorrow the market will be closed on the occasion of Bakrid, so now the trigger will be visible on Thursday
  • Brokerage houses have advised to bet in the shares of SBI, HDFC and ICICI Bank

The selling of global stock markets has dominated the Indian stock market. The first two days of the week saw a sharp decline. The Bombay Stock Exchange (BSE) has lost 1,097 points in these two days. While the market cap of listed companies has decreased by Rs 4.39 lakh crore during the same period. Tomorrow the market will be closed on the occasion of Bakrid. So the next trigger will appear on Thursday.

Monday’s fall of 586 points

On Monday, the Sensex had fallen by 586 points, while on Tuesday also it has fallen by more than 530 points. On Friday, the Sensex closed at a level of 53,140, ​​which has reached the level of 52,040 on Tuesday. The same is the case with the National Stock Exchange (Nifty). In this too, it has fallen by more than 300 points in two days. It closed at 15,923 on Friday, which has come down to 15,590 on Tuesday. On Monday, the biggest fall of the last three months has been in the market.

Market cap is Rs 230 lakh crore

The total market cap of BSE was Rs 234.38 lakh crore on Friday, which has come down to Rs 230 lakh crore on Tuesday. Financial and banking stocks contributed heavily to the market’s fall. Even after good results, HDFC Bank’s stock has broken more than 5% in two days. Shares like ICICI Bank, Kotak Mahindra, SBI, IndusInd Bank, Canara Bank and Central Bank have broken heavily. Of these, up to 5% has come down in two days.

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cause of market decline

The main reason for the fall in the market is selling in the global markets. Apart from banks, metal, telecom, realty and power sectors have put pressure on the markets. The new variants of Delta have created pressure on the overseas markets. Among metal stocks, SAIL declined 4.47, Jindal Steel 3%, Tata Steel and JSW Steel lost 2-2%.

Buy these shares

ICICI Direct has given buy advice on Chinese shares. These stocks are expected to give gains of up to 50% in the next 1 year. Shares like Balrampur, Dhampur, Dwarikesh, Avadh Sugar have been included in these stocks. Many brokerage houses have recommended bets in the stocks of SBI, HDFC and ICICI Bank. However, some analysts have advised to take profit in the stocks which have made gains. Although analysts believe that the market will perform well in the long run, but for the time being, it may remain volatile for the time being.

Market rally after the first wave

In the first wave of Corona, there was a sharp fall in the markets and the BSE Sensex had gone below 26 thousand. However, after that, due to all the measures of reforms and relief, the market gained double. It also touched its historical level of 53 thousand. But there have also been huge ups and downs in between.

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