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Investors suffered heavy losses on Monday due to a sharp fall in the stock market. Reliance Industries, Bajaj Finance, H.P. D. F. Was. Bank, Kotak Mahindra Bank, S. B. I. And i. Was. I. Was. I. The Sensex traded down more than 1,220 points on the back of a sharp fall in bank shares.
Meanwhile, the Nifty has slipped below 17,500. In the sectoral index, PSU Bank fell 3.89 per cent, Nifty Auto 3.19 per cent and Nifty FMCG 1.09 per cent. Investors have lost more than Rs 8 lakh crore due to heavy sales in the market. Wall Street traded volatile on Friday, with most stocks closing lower. Weak global signals also weighed on the domestic stock market. The BSE 30-share benchmark Sensex fell more than 650 points. The Sensex is currently trading at 59,002.62, down 633 points. At the same time, the Nifty fell 155 points to 17610.
Out of 30 Sensex stocks, only 4 have risen in the opening trade, while 26 stocks are trading at the red mark. The biggest gainer was Bharti Airtel at 3.97 per cent. Apart from this, Asian Paints, Powergrid, TCS are also doing business with growth. Bajaj Finance, on the other hand, saw the biggest decline at 3.67 per cent. Heavyweight Reliance Industries, Titan, Maruti, SBI, HDFC The market is under pressure due to the weakness in the bank.
The sharp fall in the market on the first day of the week has come as a shock to investors. His assets have declined by more than Rs 5.40 lakh crore. The total market cap of BSE-listed companies was Rs 2,69,20,196.99 crore on Thursday, down from Rs 8,16,376.71 crore on Monday to Rs 2,61,03,820.28 crore. Bharti Airtel, the country’s second largest telecom company, has decided to revise its prepaid tariff from November 26, 2021. Airtel has increased tariff rates on prepaid plans by 25 per cent. The new tariff rates announced by Airtel will be effective from November 26. The decision to raise prepaid tariffs has boosted the company’s stock. The stock touched a high of Rs 756 on the BSE.
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