Even though the stock market has set a new record. Sensex has created a new history by closing at 85 thousand. Nifty has topped 26 thousand points, but investors have suffered losses. In fact, due to the fall in midcap and smallcap stocks, stock market investors have suffered a loss of Rs 83 thousand crores. By the way, Sensex closed with a gain of more than 250 points on Wednesday and Nifty closed with a gain of 64 points. Even after that, investors are not able to digest the loss. Let us try to understand the loss of investors on the basis of stock market data.
The stock market closed at a record level on Wednesday. In a volatile trade, the 30-share BSE Sensex closed at a lifetime high of 85,169.87 points, up 255.83 points or 0.30 percent. During the day, it rose 333.38 points or 0.39 percent to reach a high of 85,247.42 points. 20 Sensex stocks closed with gains and 10 with losses. On the other hand, the National Stock Exchange's Nifty closed at a record high of 26,004.15 points, up 63.75 points or 0.25 percent. During the day's trading, it rose 92.4 points or 0.35 percent to reach a new lifetime high of 26,032.80 points.
Among the 30 Sensex companies, Power Grid, Axis Bank, NTPC, Bajaj Finserv, Bajaj Finance, Tata Steel, Mahindra & Mahindra and HDFC Bank saw significant gains. On the other hand, Tech Mahindra, Tata Motors, Titan, Kotak Mahindra Bank, State Bank of India and JSW Steel closed with losses. Sector-wise, utility rose 0.99 per cent, power 0.87 per cent, realty 0.71 per cent, metal 0.40 per cent, telecom 0.24 per cent and commodity 0.23 per cent. Consumer durables, IT, services, technology, automobile and industrial sectors declined. BSE's midcap index closed down 0.53 per cent and smallcap index closed down 0.35 per cent.
However, investors have suffered a loss of Rs 83 thousand crores on Wednesday. According to BSE data, a day before, i.e. on Tuesday, the market cap of BSE was Rs 4,76,07,873.98 crores. Which, despite the increase in the stock market on Wednesday, fell to Rs 4,75,25,120.73 crores. This means that the market cap of BSE has decreased by Rs 82,753.25 crores. This is also the loss of stock market investors.
Vinod Nair, Head of Research, Geojit Financial Services, said that after trading in a limited range, the major indices registered gains, led by power and banking sector stocks. On the other hand, the indices of mid-cap and small companies declined due to valuation concerns. He said that the domestic market may face short-term challenges due to the decline in FII inflows and cheap valuations in other emerging markets. Deepak Jasani, Head of Retail Research, HDFC Securities, said that the Nifty recovered from the day's low in the last hours of trading and closed at a record level. The brief rally led by China seems to be ending, due to which the stock markets of Europe and Asia were mixed on Wednesday.
