The fourth major fall of the year in the stock market, Sensex had fallen 879, then improved 689 points to close at 55822
Increasing cases of the new variant, there was a big fall in the stock markets around the world on Monday. The fourth-biggest decline of this year was recorded in the Indian market. At 12 noon, the selling increased so much that the Sensex had fallen 1879 points (3.30%) to 55133.
However, later it recovered 689 points and closed at 55822. Still, there was a decline of 1190 points (2.09%) in total. Shares of 28 companies included in the Sensex closed in the red mark.
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Similarly, Nifty closed at 16614, weakening by 371 points (2.18%). On the other hand, the US stock market Dow Jones, Nasdaq, and S&P500 index fell up to 1.48%.
4 major reasons for the stock market fall
- New Variants: Restrictions in Europe, Lockdown in the Netherlands, Recession slowdown due to Germany stopping travel.
- Foreign Fund Selling: FPIs are selling. FIIs withdrew Rs 18480 crore in December itself.
- Interest rates, signs of increase: Federal Reserve ends bond purchases, Bank of England raises rates.
- Rate cut in China: China reduced the lending rate after April. This led to a weak trend in the Asian markets.
After the confirmation of the new variant in the world, the market fell 5.06% in 25 days, the value of companies in India decreased by Rs 13 lakh crore.
- 19 October Highest Level 62245
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Indian stock market has fallen 10.32% from the highest level
The Sensex has fallen 6423 points (10.32%) since October 19. The same, 2973.08 points (5.06%) have fallen since November 25. After October 18, the market cap has decreased by Rs 22.12 lakh crore.
Fall in all major stock markets of America, Europe, and Asia
• Market opened at 56517
• Market closed at 55822
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4 major reasons for the stock market fall:
1. New Variants: Restrictions in Europe, Lockdown in the Netherlands, Recession slowdown due to Germany stopping travel.
2. Foreign Fund Selling: FPIs are selling. FIIs withdrew Rs 18480 crore in December itself.
3. Interest rates, signs of increase: Federal Reserve ends bond purchases, Bank of England raises rates.
4. Rate cut in China: China reduced the lending rate after April. This led to a weak trend in the Asian markets.