Stock Market Crash: Sensex Fell 800 Points Before Fed’s Decision, Investors Lost Rs 3 Lakh Crore!

Before the announcement of the decisions taken in the Federal Reserve meeting, the domestic stock markets crashed on Wednesday due to heavy selling in the shares of big companies like HDFC Bank, Reliance Industries and Infosys. BSE Sensex fell by more than 800 points or one percent and fell below 67,000 points. During the day’s trading today, the Sensex fell to the level of 66,728 points. Meanwhile, Nifty50 fell by 1.18 percent or 238 points and reached the level of 19,895 points.

Investors lost Rs 3 lakh crore

Due to this fall in Sensex, there was a decline of Rs 2.95 lakh crore in the market capitalization of all the listed companies of BSE and it stood at Rs 320.04 lakh crore.

On Sensex, shares of HDFC Bank, RIL, JSW Steel, Maruti and UltraTech Cement saw the biggest losses.

HDFC Bank said on Monday that after the merger with HDFC, there may be an increase in the non-performing assets of the bank. Due to this, a fall of up to three percent was seen in this stock today.

Bharat Dynamics has signed a contract worth Rs 291 crore with the Indian Air Force. After this, there was a jump of more than three percent in Bharat Dynamics.

Know the condition of sectoral indices

Talking sector wise, a decline of 0.87 percent was seen in Nifty Financial Services and 0.68 percent in Nifty Bank. Weakness was also seen in FMCG, IT, Pharma, Real Estate and Healthcare sectors. Talking about the broader market, a rise of 0.05 percent was seen in Nifty Midcap 100. Whereas, Smallcap100 remained flat.

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