Market Update: Market closed in red mark amid heavy volatility, Nifty came above 17,000

86,742 crores of investors sunk in the stock market, continuous decline due to Russia-Ukraine crisis


Stock Market Update : Due to the deepening crisis between Russia and Ukraine, there was a big fall in the Indian stock market on Wednesday as well. Due to this fall, Rs 86,742 crore of investors were drowned in the market. The Bombay Stock Exchange (BSE) benchmark index Sensex closed at 55,468.90, down 778.38 points, or 1.38%, on Wednesday.

Along with this, the market capitalization of companies listed on BSE declined by Rs 86,741.74 crore to Rs 2,51,52,303.35 crore due to massive selling in the domestic market.
At the end of trading in the stock market, there was some buying from the lower level.

Nifty Bank, Financial and Auto indices fall
However, due to weak signals at the global level, the Indian stock markets also closed in the red mark on Wednesday. Stock markets around the world were under selling pressure on Wednesday, with Russia showing no signs of stopping its attack on Ukraine.

Also read- Gold Price Today: Strong jump in the rate of gold and silver, know how much the price has reached

India Wicks reached 30
On Wednesday, the biggest fall was seen in auto and bank stocks. On the other hand, there was a jump in metal stocks. Nifty Bank, Financial and Auto indices all declined by over 2 per cent, while Metal indices ended higher by over 4 per cent. Mid and small cap indices also closed in the red, while the volatility index rose 2 per cent.

Talking about the top loser stocks, Dr Reddy’s, Asian Paints, ICICI Bank, HDFC, HDFC Bank UltraTech Cement fell up to 5.14%. On the other hand, Tata Steel, Titan, Reliance Industries, Nestle India and Axis Bank were among the top gainers, rising up to 5.54 per cent.

Tags: BSE Sensex, Nifty50, Share market, stock market today, Stock Markets


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