Stock market slump, Sensex falls 400 and Nifty drops 140 points

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Investors suffered losses of more than 4.23 lakh crores in just one day due to the big fall in the market. 

The stock market has not recovered from the tremors on Monday. After opening up with the gains, the Sensex and Nifty are once again heading towards a steep decline. The Sensex has dropped 426.02 points to 37,608. At the same time, the Nifty is also trading at 11,103.50 level, losing 147.05 (-1.31%) points.

Talking about the Sensex giants, 27 stocks are on the red mark except TCS, ICII Bank and HDFC Bank.After Monday’s major fall, the stock market opened strongly on Tuesday.

The 30-share sensitive index Sensex of the Bombay Stock Exchange gained 166 points to open at 38,200.71. The National Stock Exchange’s Nifty at 11,301. Sensex and Nifty came under pressure just minutes after the market opened.

The Sensex was down by 25.22 points in early trade to trade at 38,008.92 . The Nifty was also at a level of 11,234.55 with a loss of 16.00 points. In early trade, all sectors except Nifty IT and Pharma were on the red mark.

Investors lost more than 4.23 lakh crores on Monday

The Sensex plunged by a massive 812 points on Monday, due to fast-growing cases of Corona infection in the country and a huge sell-off by investors, discouraged by uncertainty over agricultural bills. 

The Nifty also closed with a loss of 282.75 points. The Sensex closed at 38,034 points and the National Stock Exchange’s Nifty closed at 11,222 points.

Investors suffered losses of more than 4.23 lakh crores in just one day due to the big fall in the market. The market capitalization of listed companies on the BSE was Rs 1,59,00,118 crore at the close of the market on Friday, which stood at Rs 1,54,76,979 crore at the close on Monday. In this way, the investors suffered big losses