Stock Market Crash: Stock market is bleeding! Sensex slipped 400 points, investors lost Rs 3.50 lakh crore

Stock Market Crash: Selling is being seen in the Indian stock market on Friday. After two days of rise, Sensex and Nifty have come down. The main reason for this has been America’s jobs report in which investors did not get much clarity from the data. Besides, the Fed’s upcoming decision on interest rates is also filled with confusion and its impact is being seen in the Indian stock market. On Friday, at 11:21 am, the Sensex slipped 351 points to reach 85,281 and the Nifty fell 92 points to 26,099.

Bank, Energy, Financial, Metal, Realty, Consumer Goods, Oil-Gas, Midcap, Chemical i.e. almost all the sectors are trading in red mark. Slight weakness is also visible in IT, Media, Healthcare and FMCG and only the Auto sector remains slightly strong. There are some important reasons behind this decline. Due to this huge fall, investors’ wealth worth about Rs 3.50 lakh crore has been destroyed. On November 20, BSE market capitalization was Rs 476.41 lakh crore, which has become Rs 473 lakh crore today.

Strong decline in these stocks

According to the report of Moneycontrol, fear about AI still persists in America. For this reason DOW JONES fell by more than 1100 points yesterday. Nasdaq also fell by more than 2% and NVIDIA’s stock fell by 8% from its high. Apart from this, America’s job data also came out weak, which put more pressure on the market. Asian markets also opened with a huge fall on Friday. Gift Nifty was also indicating that the market would open with a decline this morning. Talking about Nifty losers, shares of JSW Steel and ICICI Bank have fallen by 1.34% and 1.18%. At the same time, among Nifty top gainers, shares of M&M, Maruti Suzuki, Eichers Motors are trading up by around 1%.

(This news is still being updated..)