Investors lose ₹5.49 lakh crore : Sensex falls 500 points, Nifty slips from 22300

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INVC NEWS
Mumbai  : After a sluggish start, huge selling was seen in the domestic stock market on Tuesday. After the initial trading session, investors lost about Rs 5.49 lakh crore in the market. During this period, Sensex slipped 601 points to 73,294. On the other hand, Nifty reached 22,242. Selling dominated the market during morning trading. According to the data, the total wealth of investors in the market declined by Rs 5.49 lakh crore to Rs 397.90 lakh crore from Rs 403.39 lakh crore in the previous session.

Earlier on Tuesday, huge selling was seen in the domestic stock market. After the initial trading session, investors lost about Rs 5.49 lakh crore in the market. During this period, Sensex slipped 601 points to 73,294. On the other hand, Nifty reached 22,242. Selling dominated the market during morning trading. According to the data, the total wealth of investors in the market declined by Rs 5.49 lakh crore to Rs 397.90 lakh crore from Rs 403.39 lakh crore in the previous session.

After positive signals from the global markets, trading in the domestic stock market started with sluggishness but on the green mark. This year, there is a buying trend in the domestic market amid expectations of reduction in basic interest rates by central banks. FMCG shares are up more than 1% in early trade. At the same time, the rupee strengthened by 4 paise against the dollar and reached 83.48.

During market opening on Tuesday, BSE Sensex was seen trading with a gain of 85 points. Whereas NSE Nifty crossed the level of 22450. At 09:47 am, Sensex was trading 69.33 (0.09%) points higher at 73,961.43 while Nifty was trading 30.55 (0.14%) points higher at 22,473.25. During early trading, shares of Godrej Consumer saw a rise of five percent while shares of Lupine saw a fall of up to 3%.

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