Investors Lose Rs 6 lakh Crore in Today’s Trading Session

Sensex slipped by over 1,100 points in early trade after the US Federal Bank took a cautious stance on further rate cuts. The US Fed slashed interest rates by 25 bps or 0.25%. In today’s trading session, investor’s wealth eroded by ₹6.57 lakh crore to ₹446.03 lakh crore. While Sensex was down by 1162 pts to 79,020, Nifty traded in red at 23,944, down 259 points.

Here’s an overview about the market today

Top losers

Stocks including Asian Paints, M&M, Tata Steel, Bajaj Finserv, Infosys, IndusInd Bank, HDFC Bank, and Tech Mahindra fell 2.09% in the early session. In a nutshell, all stocks in Sensex were trading in red.

Stocks hit 52-week low

As per BSE data, close to 79 stocks hit their 52-week highs today, while 45 shares fell to their 52-week lows.

Stocks in red

Out of 3,342 stocks, 2,263 stocks were trading in the red, while 970 stocks were trading in green, the remaining 109 stocks remained unchanged.

FII-DII sell-off

Foreign institutional investors pulled out nearly ₹1316.81 crore, while domestic investors bought equities worth ₹4,084.08 crore, NSE data showed.