879 point gap in Sensex due to various adverse factors

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- Nifty lost 245 points to 18414

- Tight monetary policy will remain in the US, the rise in Corona cases and the impact of Rajan's statement on the economy

- Investor's assets of Rs. 2.78 lakh crores of erosion

AHMEDABAD: Sensex lost 879 points and Nifty 245 points on the back of other adverse reports including indications of continuation of tight monetary policy after interest rate hike in America, due to selling pressure from Chomer including foreign investors.

After the US Federal Reserve hiked the interest rate by half a percentage point, the market morale fell, indicating that this policy will continue for a long time. Apart from this, the statement made by the former governor of the Reserve Bank Rajan that the global economy including India will remain weak next year and the increasing number of corona cases in China-Hong Kong, the signs of the global recession became stronger, its effect was seen on the stock market.

The BSE Sensex fell 879 points to 61,799 today on the back of these reports, under selling pressure from investors including foreign investors, funds and players. While Nifty fell by 245 points and remained soft at 18414.

On the heels of the reported crash in the Sensex, investors' assets (BSE market cap) today fell by Rs. 2.78 lakh crore at the end of the work, Rs. 288.47 lakh crores. Foreign investors today invested Rs. 711 crore was sold.

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