Indian Investors today lost 1.3 lakh crore as the stock market fell by nearly 1.3 lakh crores today. The reasons are really simple which we are reading for the last 3-6 months span.
The increasing inflation and rise in cases of covid delta variant are keeping investors in a biased mindset. Market-capitalisation (m-cap) of BSE-listed firms dropped to Rs 233.22 lakh crore from Rs 234.5 lakh crore.
The Nifty fell up to 15707.50 but settled on 15752.40 dragging it nearly 171 points. The BSE midcap index closed 0.58 percent lower, while the smallcap index fell 0.31 percent.
The HDFC twins were also the reason contributors to the fall for banking stocks. Some market analysts said that tomorrow’s market may see a good reversal.