Share Market Today: The decline that has been going on for two days in the Indian stock market continued on Wednesday also. On December 10, the market closed with a decline for the third consecutive day. However, both the major benchmark indices were trading in the green in early trade.
But by noon the market lost its lead and started trading in the red. At the close of the market, the 30-share BSE Sensex fell by 275.01 points or 0.32 percent at 84,391.27, while the NSE Nifty 50 slipped by 81.65 points or 0.32 percent and closed at 25,758.00.
Reason for market decline
Investors are adopting a cautious approach regarding the results of the US Federal Reserve meeting. The results of the Fed meeting may come by late evening today. Also, due to continuous selling by foreign investors and weak trend of global markets, the stock market turned red.
Investors lost Rs 1.09 lakh crore
Investors are suffering huge losses due to this ongoing decline in the market. On Wednesday, the market cap of BSE listed companies fell by about Rs 1.09 lakh crore as compared to the previous trading day. Which simply means that investors had to suffer a loss of Rs 1.09 lakh crore.
Also BSE Midcap Index fell by 1 percent. Whereas, if we talk about smallcap index, a decline of 0.58 percent has been recorded in it. IT, Telecom, Financials and Industrials stocks have been in the worst condition.
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