The stock market closed in the red mark for the fourth consecutive day on Monday. The sharp rise in crude oil prices, the possibility of a further escalation of the Russo-Ukraine war and the discussion of new sanctions on Russia have affected the supply chain system of many commodities, due to which their prices may remain volatile for many years. reached the highest level.
This has put investors around the world in trouble. The 30-share BSE benchmark index Sensex closed at 52,842.75 points, down 1,491.06 points or 2.74 per cent on Monday. On the other hand, the 50-share Nifty index closed at 15,863.15, down 382.20 points or 2.35 per cent.
Due to this huge fall, the total market value of companies listed on BSE came down by about Rs 5.43 lakh crore to 241.35 lakh crore on Monday. This simply means that during the trading on Monday, Rs 5.43 lakh crore of investors were sunk.
Important events of Monday in the stock market were-
PNB Housing Finance announces capital raising plan, after which its stock jumped nearly 6 percent
– Shares of aviation companies like IndiGo, SpiceJet fell up to 7 percent due to increase in the price of jet fuel
– The shares of paint companies saw a fall as their margins are expected to fall due to the rise in crude oil prices.
– Paytm shares hit new low and its market value fell below Rs 50,000 crore
– India Volatility Index (VIX), a measure of market volatility, rose 5 per cent
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The biggest jump in bluechip stocks was seen in ONGC at 13.16 per cent. Apart from this, shares of Hindalco Industries, Coal India, Bharti Airtel, UPL, HCL Tech, Tata Steel and Infosys were also among the top gainers on Monday. On the other hand, IndusInd Bank was among the top losers on Monday with a fall of 8.14 per cent.
Small and medium stocks also saw widespread decline. Nifty Smallcap closed down 2.04 per cent and Nifty Midcap fell 2.37 per cent. On the other hand, NSE’s biggest index Nifty-500 closed with a fall of around 2.37 percent.
In small and medium stocks, PNB Housing Finance, Balrampur Chini Mills, Cyient, ZEE Entertainment, Balkrishna Industries and National Aluminum were the top gainers in mid and smallcap indices, rising 3-7 per cent. Jubilant Ingravia, KEC International, Indiabulls Housing Finance, Indiamart Intermesh, Vodafone Idea and Oberoi Realty were among the top losers, falling between 6-8 per cent.
The Nifty Metal index closed with a gain of 2.10 per cent. Barring this, the indices of all other sectors closed in the red mark. The biggest fall was seen in Nifty Bank, Nifty Auto and Nifty Financial Services.
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