Stock Market crashed yesterday with major losses

During the closing session, SENSEX was down 906 points, or 1.23%, at 72,761, while the broader NIFTY50 dropped 338 points, or 1.51%, to 21,997. The Nifty 50 ranges 43 stocks closed with moderate to heavy losses which include top losers like Power Grid, Coal India, Adani Enterprises, NTPC, Adani Ports, Tata Steel, and ONGC.

Stock Market crashed yesterday with major losses

Stock market benchmark indices—SENSEX and NIFTY50—crashed 906 points and 338 points, respectively, on Wednesday, amid the turmoil in the broader market, where at the close the BSE SENSEX was down 906 points, or 1.23%, at 72,761, while the NIFTY50 dropped 338 points, or 1.51%, to 21,997. The stock market apprehended the investor wealth worth around Rs 14 lakh crore, with the mid and smallcap indices plunging by up to 5%.

The major of the SENSEX constituents includes 25 shares closed with moderate to heavy losses involving Power Grid, NTPC, Tata Steel, Tata Motors, and JSW Steel, which plunged up to 7.28 whereas in  NIFTY50 stocks, Power Grid, Coal India, Adani Enterprises, NTPC, Adani Ports, Tata Steel, and ONGC were top losers, losing up to 7%. As many as 43 NIFTY50 constituents closed in the red zone.

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Around 99 stocks of the NIFTY Midcap 100 had suffered losses, meanwhile, the CG Power was the only stock on the index trading green. While in NIFTY Smallcap 100, 98 stocks ended for loss. Despite this, Intellect Design Arena and CreditAccess Grameen closed with gains.

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