The domestic stock market is continuously giving shocks to investors. The National Stock Exchange (NSE) Nifty fell 221.45 points to close at 24,751.65, while the Bombay Stock Exchange (BSE) Sensex fell 494.75 points to close at 81,006.61. Tech Mahindra, Infosys, Power Grid, L&T and SBI were the top gainers in Nifty 50. Meanwhile, Bajaj Auto, Shriram Finance, M&M, Nestle India and Hero MotoCorp emerged as top losers in Nifty 50 on October 17.
₹6 lakh crore lost by investors
The total market capitalization of companies listed on the Bombay Stock Exchange (BSE) declined to about ₹457.3 lakh crore from about ₹463.3 lakh crore in the previous session. This means that investors suffered a loss of approximately ₹ 6 lakh crore in a single day.
Situation of sectoral index
According to Livemint, except Nifty IT, which rose 1.19 percent, all sectoral indices closed with a decline. In this, Nifty Realty (down 3.76 percent), Auto (down 3.54 percent), Consumer Durables (down 2.20 percent) and Media (down 2.18 percent) closed with heavy losses. During afternoon trading on October 17, every stock of Bank Nifty except SBI was trading in the red. Along with HDFC Bank, ICICI Bank and Axis Bank also saw a huge decline.
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