Investors Loss: The Indian stock market is witnessing a huge decline due to the disappointment of the results of Infosys and HDFC Bank. Due to which the investors are suffering. During the business of only one hour in the morning, the property of investors was breached to the extent of Rs 4 lakh crore.
The market capitalization of Mumbai Stock Exchange was Rs 272.03 lakh crore, which came down to Rs 268.19 lakh crore due to profit-booking by investors. After a long holiday of four days, trading has started in the market. And at present, 1160 and Nifty is trading with a decline of 305 points. On the BSE, 1268 of 3503 shares are trading with a gain, while the shares of around 2090 are trading in the red mark.
Shares of IT sector’s second largest company Infosys and banking giant HDFC Bank declined as the market is disappointed with the quarterly results of these companies. There is a big drop in the IT index. Nifty IT is trading 4.54 percent down at 32,794 points.
In IT stocks, Infosys is trading with a decline of 7.25 percent, Mphasis 6.83 percent, Tech Mahindra 5.40 percent, Mindtree 5.25 percent, Wipro 3.52 percent, TCS 2.92 percent.
There is also disappointment in the market due to the figures of China’s GDP. China’s GDP growth rate is 4.8 percent. So the increasing case of corona there has also increased the concern of the market. The fear of slowdown and the protracted drag of the Russia-Ukraine war in the market, which has an impact on the entire Asian markets and the Indian market is not untouched by it.