Mumbai: There is a strong selling in the stock market before the budget. In the business of 27 January, profit recovery in the market has been dominating. The Sensex broke more than 1000 points due to heavy selling by investors. At the same time, the Nifty also fell more than 300 points and went below 14000. The SENSEX set its record high on January 21 and touched a level of 50184. Since then, the index has broken about 2900 points so far. The Nifty also weakened to near 800 mark from its record high. After high valuation, Niveyaks are cautious before the budget, while weak global weak global signals, budget signals and selling by foreign investors also led to the decline in the market.
Today, the index is down more than 1000 points in intraday and weakened to the level of 47269. At the same time, the Nifty dropped by around 300 points to around 13930 below 14000. There is an all-round selling in the market today. All indexes including banks, auto, metal and pharma have weakened. Currently, the Sensex weakened by 938 points and closed at the level of 47410. While the Nifty weakened by 271 points and closed at the level of 13968.
Amidst this stampede in the market, the wealth of investors has decreased by Rs 3 lakh crore. On Monday, 25 January, the market cap of BSE listed companies closed at Rs 19226222 crore. At the same time, in the fall on 27th January, it came down to around 1.89 lakh crore. That is, investors lost about Rs 3 lakh crore in one day.
