Stock Market : Rs 25 lakh crores wiped out from the stock market in 4 days

The stock market experienced a significant drop on Monday, marking the fourth straight day that Sensex and Nifty ended with losses. Consequently, stock market investors have incurred substantial losses. Over these four days, the market capitalization of BSE has decreased by more than Rs 25 lakh crore.

Stock Market

Stock Market : The song 'Sun raha hai na tu, ro raha hun main...' from the 2013 movie Aashiqui 2 gained significant popularity. Currently, the state of the country's economy mirrors this sentiment. The rupee appears to be weeping similarly in the face of the rising dollar, with no one willing to heed its cries. However, the impact of the rupee's decline is evident in the stock market. On Monday, 40 lakh people bathed in the Ganga on the first day of Maha Kumbh. Meanwhile, over 20 crore stock market investors lost more than Rs 13 lakh crore before the trading session ended on Monday. In fact, investors have been facing bankruptcy for four consecutive days. The Sensex and Nifty have experienced a significant drop, resulting in over Rs 25 lakh crore being wiped out for stock market investors.

It's not just the devotees and the stock market that have taken a plunge during the Maha Kumbh; the rupee has also significantly dropped against the dollar. It not only surpassed Rs 86 for the first time but also approached Rs 87. This is why stock market investors are experiencing substantial losses. The increase in crude oil prices and potential inflation figures are also being considered as reasons for the stock market's decline. Let's examine the data to understand the extent of the decrease in the Sensex and Nifty over the past four days and what figures are being observed on Monday.

Big fall in stock market

A big decline is being seen in the stock market on Monday. According to the data, the Bombay Stock Exchange's major index Sensex sank by 1,129.19 points during the trading session and came down to the day's low of 76,249.72 points. By the way, the Sensex opened with a big fall with 76,629.90 points and closed at 77,378.91 points on Friday.