New Delhi. The stock market continued to decline for the third consecutive day on Thursday. BSE Sensex fell 1,062 points and closed at 72,404 points. Similarly, NSE Nifty fell by 345 points and reached 21,957 points. There was a rise in the stock market only in auto shares.
Today the Sensex opened at 73,499.49 points with a rise of 33.10 points or 0.05 percent. Nifty is trading at 22,285.70 points, down 16.80 points or 0.08 percent. After this there was a huge decline in the stock market. At 1.50 pm, Nifty was trading at 22,069.00, down 233.50 points. Sensex is also trading at 72,753.88 points, down 712 points.
A day earlier the market cap of BSE had crossed Rs 400 crore, which has come down to Rs 3,95,64,869.73 crore during the trading session on Thursday. This means that the market cap of BSE i.e. the investors have suffered a loss of Rs 5,04,539.89 crore. At the same time, since May 2, investors have seen a decline of about Rs 11 lakh crore.
Due to the huge fall in the stock market, investors have suffered a loss of more than Rs 5 lakh crore. According to experts, the main reasons are the ongoing Lok Sabha elections, FII selling, rise in US dollar, increase in treasury yield due to US Fed’s stance, poor fourth quarter results and increase in India VIX index.
