Out of the investor's assets Rs. 8.50 lakh crores massive erosion

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- Foreign Investors Rs. 3115 crore in sales

- At close of business Sensex 1053 points down 70370, Nifty 333 down 21239

Ahmedabad: Next date for foreign investors by the market regulator SEBI. Today, the BSE Sensex lost 1053 points while the NSE Nifty lost 333 points on the back of heavy selling pressure from foreign investors on the back of foreign investors on reports of preparations to implement tougher beneficiary norms from February 1. Today, the investor's assets are Rs. 8.50 lakh crores was eroded.

There was a lot of panic in the market after the report of the new rules coming into effect for foreign investors. On the other hand, prevailing volatility in crude oil prices and reports of US bond yields being high also proved unfavorable. Apart from this, the selling pressure continued in HDFC Bank after the announcement of the results, and rapid retreat was also seen in State Bank, Axis Bank and IndusInd Bank today.

After opening the session on a strong note, the Sensex rose 615 points intraday to 72039 and the Nifty also rose 178 points intraday to 21750. At this higher head, the market broke the bullish momentum and saw a quick pullback with the initial bullish faltering as selling pressure came in on the back of unfavorable reports.

The Sensex quickly bounced back after falling under heavy selling pressure from foreign investors and closed down 1053.10 points to settle at 70370.55. While Nifty lost 333 points and closed at 21238.80. Today, Sensex lost 1668 points and Nifty 511 points after the initial rally.

Smallcap and midcap stocks also witnessed massive gaps today along with retreat in various sector stocks. As a result, a gap of 1245 points was recorded in the small cap index and 1133 points in the midcap index. Out of 4067 scrips traded today, 3049 were closed negative.

Following the pronounced crash in the Sensex, investors today lost Rs. 8.43 lakh crores was eroded and finally Rs. 365.97 lakh crores. Foreign investors today Rs. 3115 crore was sold.

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