Investors Loss: Indian Stock Market: Today, due to heavy fall, investors have lost Rs 5 lakh crore. The index of the Mumbai Stock Exchange fell by more than 1000 points, while the Nifty fell below the figure of 16,000 with a fall of 300 points. For the fifth consecutive day, there is a decline in the Indian markets.
Due to the huge fall in the stock market, there has been a tremendous loss to the property of the investors. Market capitalization of stocks listed on BSE decreased by more than Rs 5 lakh crore after a huge fall. The market cap of shares listed on BSE was Rs 246 lakh crore at the close of the market on Wednesday, which has come down to Rs 241 lakh crore on Thursday due to heavy trading in the market. In the last one month, the market cap of shares listed on BSE has come down by about Rs 34 lakh crore.
Why did the Indian market fall?
Global Signs – In fact, there was a big fall in the US stock markets on Wednesday regarding the inflation data that has come in the US. There has been a slight decline in the US inflation data. The inflation rate has come down from 8.5 percent to 8.3 percent. But the market expected a reduction in inflation of more than this. The market fears that the US Fed Reserve may increase interest rates again. This is the reason why the Asian markets opened with a fall in the morning of global signals and the Indian stock market was not untouched by its effect.
Keeping an eye on the retail inflation data – Today the retail inflation data for the month of April will be released by the Government of India. It is believed that the retail inflation rate may increase further in April as compared to March. Retail inflation was 6.95 per cent in March. But in April, the retail inflation rate is estimated to be more than 7.5 percent. Retail inflation may remain high due to the rise in the prices of food items and fuel.
Rupee continues to fall- Rupee continues to depreciate against dollar. On Thursday, the rupee fell to its historic low of Rs 77.59 against a dollar. There is also uneasiness in the market. Due to this, where imports will be expensive. Due to which the companies can increase the prices, which will affect the domestic demand. At the same time, the fiscal deficit of the government may increase.