Stock market falls due to selling in small-midcap stocks
Due to selling, the stock market fell and Sensex fell by 177 points and closed below the level of 73,000 (1.23%). It fell 1,152 points during trading. Nifty fell 338 points and closed below 22,000 (1.51%). Smallcap indices fell more than 5%, midcaps 4%, while SME stock indices fell 61%. The Smallcap index had its biggest one-day fall since December 22.
- Lower circuit was imposed in 1087 shares and upper circuit in 118 shares in BSE.
- Investors’ wealth decreased by Rs 20.65 crore (5.26%) in 2 days.
- Market cap of BSE is Rs 372.65 lakh crore. left. It was at a record high of Rs 394 lakh crore on March 2.
What Experts Say on Stock Market Crash
India has the potential to maintain growth rates above 7% for many years to come. This increase will translate into higher corporate earnings, which will take the stock market higher. We have the potential to become an $8 trillion economy by 2032 with a market cap of $10 trillion. This means that in the coming years, additional wealth of 6 trillion dollars is going to be generated from the stock market. Investors should participate in wealth creation by investing through systematic investments.
What are to Possible Reasons of Short Selling
The ‘March Effect’ is having an impact. In the last 23 years, March has seen negative returns on 56% of the occasions. This is the highest among all months. The regulatory action of RBI and SEBI has also created a lot of panic.
Brokers are asking for additional margin money to maintain the position. Clients are choosing to sell. Number of ASM/SM monitored stocks increased to more than 350. He is the highest. rome page 9
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Source: Dainik Bhaskar
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