The market boom stopped before Diwali! Sensex-Nifty opened with heavy fall, midcap stocks fell

Stock Market Opening On 18 October 2024: Even in the last trading session of the week, trading has started with a decline in the Indian stock market. BSE Sensex opened with a fall of 276 points and Nifty by 93 points. IT opened with a decline in auto stocks. There is also a decline in midcap and smallcap stocks. But after the market opened with a decline, the decline increased further due to profit booking. Nifty Midcap index is trading with a decline of more than 800 points. Sensex is down by 562 points and Nifty by 168 points. Due to this weakness in the market, India Vix is ​​trading with a rise of 3.51 percent. It is believed that foreign investors are continuously selling in the Indian market due to which a continuous decline is being seen.

rising and falling shares

Out of 30 Sensex stocks, only 5 are rising while 25 are trading with decline. Out of 50 stocks of Nifty, only 7 have opened with a rise while 43 have started trading with a fall. Among the bullish stocks, Axis Bank opened with a rise of 2.75 percent, Eicher Motors 2.08 percent, Wipro 1.79 percent, TCS 0.59 percent, Bharti Airtel 0.08 percent, ICICI Bank 0.054 percent. The falling stocks include Shriram Finance, Infosys, Maruti, Titan, Bajaj Auto, Mahindra & Mahindra, BPCL, BEL, Adani Enterprises.

Fall in stocks of all sectors

There is a decline in all sectors in today’s business. There is a huge fall in the shares of Banking, Auto, IT, Energy, FMCG, Infra, Pharma, Healthcare, Consumer Durables sectors. A big decline is being seen in midcap and smallcap stocks.

Investors lost Rs 5 lakh crore after market opening

Investors have suffered huge losses due to the huge decline in the stock market after opening. The market cap of stocks listed on BSE has fallen to Rs 452 lakh crore which was close to Rs 457 lakh crore in the last session. Investors have suffered a loss of Rs 5 lakh crore in today’s session.

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