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Investors lose Rs 2.3 lakh crore, down 670 points in Sensex

Bijaya Laxmi by Bijaya Laxmi
October 27, 2020
in Business
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Investors lose Rs 2.3 lakh crore, down 670 points in Sensex
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MUMBAI: Investors were cautious when the Bombay Stock Exchange started trading today. But as time went on, share sales increased. As a result, the Sensex fell 570 points today. As a result, stock market investors suffered a loss of Rs 2.3 lakh crore. Shares were sold in all markets today. Investors sold shares in all sectors, from IT to financial services, banks and pharma. Shares of Reliance Industries, HDFC Bank, ICICI Bank have declined during today’s trading session, while shares of Nestle India, Kotak Bank, IndusIndia Bank, Powergrid and Hindustan Unilever have risen. At the same time, the Sensex fell 436 points during trading today. But towards the end, that is exactly the style of governing the country that he has used in Russia. At the end of the trading session, the Sensex fell 590 points to close at 70,145 points. Similarly, the Nifty of the National Stock Exchange fell 143 points to close at 11,4 points today. Some of the companies that have made significant contributions to Sensex include Bajaj Auto, Mahindra & Mahindra, Reliance Industries, Tata Steel, Tech Mahindra, State Bank, Axis Bank and ICICI Bank today. Many investors sold Reliance Industries shares after Amazon won a lawsuit against Reliance’s acquisition of the Futures Group’s retail business. Reliance Industries has announced that it will buy Retail Group 4’s retail deal at a cost of Rs 29,143 crore. Commenting on the reason for the decline in Sensex today, Equity Research Chief Narendra Solanki said that various countries are considering announcing a lockdown again in Europe as the corona infection is on the rise again. Investors were on high alert when trading in the Indian stock market began today after the news broke. The situation did not improve until noon. The prices of metals, real estate and financial stocks declined. Global markets in Shanghai, Tokyo and Seoul also had sluggish stocks. Trade in Europe was not so good either. Crude oil prices also fell 2 percent to $ 81.18 a barrel. The Indian rupee weakened 23 paise against the US dollar in the foreign exchange market today. It cost $ 73.8 to buy a dollar. Investors were disappointed that the stock market did not receive any good news.

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