Stock Market Crash: Sensex-Nifty fell by more than 1%, investors lost Rs 12 lakh crore
New Delhi:
Indian Stock Market Today (Stock Market Today) closed with a decline of more than 1 percent today i.e. Monday, January 13. Sensex (BSE Sensex) closed at 76,330.01 with a decline of 1,048.90 points or 1.36 percent and Nifty closed at 345.55. It closed at 23,085.95 with a decline of points or 1.47 percent.
At the end of trading, heavy selling was seen in reality, PSU bank, metal, auto and pharma sectors. The reality sector closed in the red with a decline of more than 6 percent.
Nifty Bank closed with a fall of 1.42%
Nifty Bank closed at 48,041.25 with a decline of 692.90 points or 1.42 percent. The Nifty Midcap 100 index closed at 52,390.4, down 2,195.35 points or 4.02 percent. The Nifty Smallcap 100 index closed at 16,922.10, down 723.45 points or 4.10 percent.
This is the main reason for the decline in the market
The market was also influenced by strong US jobs data, which indicates less interest rate cuts in 2025. Other reasons for the fall in the market include rising crude oil prices, weakness in the rupee. And foreign capital outflows are included. Due to the fall in the market, investors suffered a loss of about Rs 12 lakh crore.
According to experts, heavy selling was seen in global markets, which led to a similar reaction in domestic markets as strong US payroll data hinted at a lower rate cut in 2025. This strengthened the dollar, increased bond yields and made emerging markets less attractive.
BSE’s top losers and top gainers
Among the Sensex listed stocks, Zomato, Power Grid, Tata Steel, NTPC, Tata Motors, Tech Mahindra, M&M, Asian Paints, Sun Pharma, Tech Mahindra, L&T, SBI, Bajaj Finance, HDFC Bank and ICICI Bank were the top losers. Whereas, Axis Bank, TCS, IndusInd Bank and Hindustan Unilever Limited were the top gainers.
FIIs remained net sellers for the sixth consecutive day as they sold equities worth Rs 2,254.68 crore on January 10, while domestic institutional bought equities worth Rs 3,961.92 crore.