Stock Market Today: Stock market continues to fall, Sensex drops 500 points, Nifty slipped from 22,800

The Indian stock market is not taking the name of a decline. Today i.e. on February 17, the market opened in red mark and there was a huge ups and downs in early trade. Today, the pre-opening of pre-opening kept pressure on the stock market and there was a sharp decline as soon as the market opened.

The Sensex fell 557.56 points or 0.73% to 75,381.65 in the morning trading, while the Nifty (Nifty 50) fell 186.95 points or 0.82% to 22,742.30.

Which stocks declined, which stocks increased

While some companies are strengthening in the stock market, many veteran stocks continue to decline. Today, companies like Sun Pharma, Asian Paints, Cipla, Bajaj Finserv, Tata Motors like Tata Motors saw an increase.

On the other hand, the shares of Mahindra & Mahindra (M&M), Tata Steel, Hero Motocorp, HDFC Life, ICICI Bank have declined drastically. BSE Midcap and Smallcap index are almost stable trading.

Market declines for eighth consecutive day

This decline in the stock market is not new. In the eighth consecutive trading session on Friday, the market closed in red mark. In Friday trading, the Sensex lost 199.76 points to close at 75,939.21, while the Nifty fell 102.15 points to 22,929.25. With this decline, the Nifty suffered a loss of 2.8% last week and it was the worst week ever this year.

Loss of more than two lakh crores

The Sensex has dropped a total of 2,644.6 points (3.36%) in 8 trading sessions, while the Nifty has dropped 810 points (3.41%). There is a steady decline from the last eight trading sessions and the assets of investors have suffered a major loss. The continuous decline in the market has also affected the market cap of companies. Last week, the market value of 8 companies out of the top 10 companies of BSE declined by more than two lakh crore rupees last week.

What is the reason for the decline in the market?

• Pressure of Global Market: The impact of weak signals in foreign markets is also visible on Indian markets.
• Foreign Investors selling: Foreign investors are constantly selling in the Indian market, which has increased pressure.
• Impact of US Market: Due to increasing inflation in America, interest rates can remain high for longer, which has affected the Indian market.
• Profit Booking: Investors have already seen a good boom and are now engaged in cutting profits, causing pressure on the market.

Will the decline continue even further?

Experts believe that Volatility can remain in the short-term in the market, but long-term investors do not need to panic. If the market declines and increases, then you can get an opportunity to invest in good stocks. Investors need to take decisions carefully.