Sensex Plunges Over 700 Points Due To India-China Border Dispute, Investors Lost Rs 4 Lakh Crore

by amolwarankar
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New Delhi : The domestic stock market saw the effect of a clash between Indian and Chinese soldiers at the southern end of Pangong Tso lake located in Ladakh. Once again, the stock market has fallen sharply from the upper level due to increasing border disputes between India and China. The Sensex has plunged over 725 points, while the Nifty has slipped nearly 200 points. Profit booking in the market has been dominated by increasing market tension on the border. Heavyweight shares ICICI Bank, SBI, Maruti, HDFC, HUL broke up to 5%. Investors incurred a loss of more than Rs 4 lakh crore due to increasing market decline.

Investors have suffered a major setback due to the fall in the market on Monday. The total market cap of the listed companies on the BSE was Rs 1,58,32,220.15 crore on Friday, which was reduced by Rs 4,08,591.41 crore to Rs 1,54,23,628.74 crore today.

Earlier, before the GDP figures, the stock market had seen a great boom. The Sensex recorded a bounce of over 500 points. At the same time, the Nifty rose by over 130 points. Talking about global signals, the S&P 500 was up for the sixth consecutive day on Friday. While the Dow Jones also saw a bounce of 160 points. Today there is mixed business seen in Asian markets.

Today on Monday 31 August, the GDP data for the first quarter of the country in the current financial year will be released. The picture of the country’s economy in the era of COVID-19 will be very clear from these figures. The market and investors will also be watching the GDP data. All rating agencies and the RBI have already registered the possibility of a big fall in GDP.

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