Sensex closed down 1053 and Nifty 333 points, investors' Rs. 8.50 lakh crore erosion

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Stock Market Crash : On Tuesday, January 23, after opening with a bullish morning, the Indian stock market experienced a major crash. The BSE Sensex rallied around 1800 points today. The Nifty also broke 500 points from the day's high. Finally, the BSE Sensex ended the day down 1053 points at 70,370 and the Nifty closed down 333 points at 21,238. Along with this, the market cap of the stock market is Rs. More than eight lakh crores were eroded.

Small and mid-cap stocks also suffered heavy losses

Today the mid cap index also saw a massive fall of 2200 points from the morning high. Finally Sensex was down 1154 points to trade below 71000 at 70227 points, while Nifty was trading at 21206 points down 364 points. Meanwhile, the market closed with a big decline due to profit taking in mid-cap stocks. Small cap stocks also lost a bit in today's session.

BSE market cap Rs. 5.78 lakh crores

Due to this decline in the Indian stock market, investors have so far lost around Rs. Eight lakh crores have already been eroded. Companies listed in BSE have a market cap of Rs. 368.60 lakh crore, which in the last trading session was Rs. 374.38 lakh crores. Apart from this, the BSE market cap is Rs. 5.78 lakh crore has been reduced.

Banking stocks fall sharply

The market is witnessing a tremendous decline in banking stocks. Nifty Banking Stocks Index Bank Nifty is trading down 995 points at 45062. 11 out of 12 shares of Bank Nifty are trading lower. Only ICICI Bank stock is increasing. FMCG and energy stocks are also witnessing major declines. Apart from this, investors are also getting profit in consumer durables, oil and gas, metals, auto stocks.

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