Winning Bizness Sports Desk
Mumbai. The ongoing war between Israel and Hamas has left Indian stock market investors reeling. A big drop was seen in the market on Monday when it opened. Stock markets fell as global markets slumped amid war concerns and fears of a rise in crude oil and other commodity prices. As markets settled, the Bombay Stock Exchange index Sensex closed down 483 points at 65,512 points while the National Stock Market Index Nifty closed down 141 points at 19,512 points. In the day's trade, out of 30 companies in Sensex, shares of only 3 companies closed with gains. So, the shares of 7 out of 50 companies in the Nifty index rose.
Ups and downs in which sector?
Shares in all sectors of the stock market declined in the whole day trading. IT sector which was booming in the morning, also witnessed the heat. Shares in banking, consumer staples, oil and gas, energy, auto, IT, pharma, healthcare, media, metal sectors witnessed declines in the trade. Mid-cap and small-cap indices also witnessed a major decline. The Nifty Midcap closed down 1.34 per cent at 39,744 points and the Small Cap index closed down 1.78 per cent at 12,609 points.
Investors panicked
The total market capitalization of companies listed on the Bombay Stock Exchange (BSE) fell to Rs 315.94 lakh crore on October 9. On the previous trading day i.e. Friday, October 6, the market capitalization was Rs 319.86 lakh crore. This fall reduced the market capitalization by Rs 3.92 lakh crore, which means the wealth of the investors fell by 3.92 lakh crores.
Fall in share price of 2804 companies
Most of the companies listed on the Bombay Stock Exchange saw a fall in their share prices. A total of 3,929 shares were traded on the exchange, out of these, the share price of 993 companies showed a rise. So, the share price of 2,804 companies saw a decline. There was no change in the share price of 122 companies. Besides, share prices of 240 companies touched their 52-week highs during today's trade. While the share prices of 37 companies touched their 52-week lows.
