Big Depression: Rs 17.78 lakh crores lost in investors' wealth in six days

Movement in global markets: Deceptive recovery in small, mid-cap stocks

MUMBAI: With geopolitical tensions starting from the Israel-Hamas war and US bond yields reaching a high of five per cent, China's economic crisis forcing stimulus measures, global markets rumbled again amid uncertainty, hammering of foreign funds in Indian stock markets saw an increase in erosion. . In the last six trading days, Rs.17.78 lakh crores have been eroded. The market cap which was Rs.323.82 lakh crore on October 17 has reduced to Rs.306.04 lakh crore today.

Funds today showed deceptive buying in small, mid-cap stocks in the last hour. Sensex, Nifty based funds had heavy offloading in banking-finance, automobile, consumer durables, capital goods, metal-mining, oil-gas, healthcare stocks today. Sensex has lost the level of 64000 and now it is preparing to lose the level of 63000. It fell down to 63092.98 and finally closed by 900.91 points to close at 63148.15. While the Nifty 50 spot index lost the level of 19000 and fell as low as 18837.85 and finally closed by 264.90 points at 18857.25. FPIs-FIIs today saw a net sale of Rs.12000 crore in two days with massive selling of stocks worth another Rs.7700 crore.

Bankex fell by 480 points

The BSE Bankex index fell 480.97 points to close at 47,692.36 as the massive hammering of funds, big names in banking-finance stocks continued. AU Small Finance fell by Rs.20.45 to Rs.686, Bank of Baroda fell by Rs.5.55 to Rs.189.30, Federal Bank fell by Rs.3.60 to Rs.138.20, HDFC Bank fell by Rs.33.5 1463.50, Kotak Mahindra Bank fell by Rs.34.55 to Rs.1694.55, State Bank of India fell by Rs.9.20 to Rs.547.15, ICICI Bank fell by Rs.6.90 to Rs.909.15 were staying

The auto index fell to 667

The BSE Auto Index fell 667.43 points to close at 36233.68. Mahindra & Mahindra fell by Rs.63.75 to Rs.1504.85, Maruti Suzuki by Rs.204.25 to fall to Rs.10,392, Bajaj Auto by Rs.96.35 to fall to Rs.5250.80, Tata Motors by Rs.11.40 Eicher Motors fell by Rs.55.70 to Rs.3327.15, falling to Rs.626.45.

A selloff in metal-mining stocks

Metal-mining stocks were sold as funds rebounded. JSW Steel fell by Rs.19.40 to Rs.728.95, Coal India fell by Rs.5.10 to Rs.305.20, Tata Steel fell by Rs.1.45 to Rs.119.90. The BSE Metal Index fell 346.99 points to close at 22113.46.

2335 shares closed negative

Sensex, Nifty based Kadaka fell today after recovery by showing deceptive buying in small and mid cap stocks, wide gaps were created as offloading increased again. Out of the total 3800 scrips traded in BSE, the number of gainers was 1330 and the number of decliners was 2335.

DII's purchase of Rs.6558 crore

FIIs had a huge net sale of stocks worth Rs.7702.53 crore in cash today-Thursday. A total of Rs.17,941.58 crore was sold against a total purchase of Rs.10,239.05 crore. While DII-domestic institutional investors had a net purchase of Rs.6558.45 crore shares.

Investors' wealth decreased

Investors' wealth i.e. aggregate market capitalization of companies listed in BSE was washed away by another Rs.3.18 lakh crore in one day to Rs.306.04 lakh crore.

Crashes in markets of Asia, Europe

The global markets were behind America today. In the markets of Asia-Pacific countries, Japan's Nikkei 225 index fell 668.14 points to 30,601.78, Hong Kong's Hang Seng dropped 40.72 points to 17044.61. In the markets of European countries, Germany's index showed a decrease of 118 points, France's Keck 40 index decreased by 10 points, London's Futsi 100 index decreased by 28 points.