Stock Market Crash: Stock market crashed due to RBI's decision, Sensex fell 1300 points, Nifty fell at 16600
On Wednesday, the third trading day of the week, the stock market started trading with a slight increase, but after the decision to increase the repo rates in the sudden RBI meeting, there was a sudden turmoil in the market and the 30-share index of Bombay Stock Exchange. The Sensex closed at 55,669, down 1306 points or 2.29 per cent. Along with the Sensex, the RBI's decision also had a bad effect on the Nifty index of the National Stock Exchange and it slipped 391 points or 2.29 per cent to close at 16,678. At the close of the market, about 825 shares have risen, 2454 shares have declined and 98 shares have remained unchanged.
Apollo Hospitals, Adani Ports, Hindalco Industries, Bajaj Finance and Bajaj Finserv were among the top losers on the Nifty, while ONGC, Britannia Industries, Power Grid Corporation, NTPC and Kotak Mahindra Bank were among the gainers. All sectoral indices closed in the red with auto, bank, FMCG, power, metal, realty, healthcare, capital goods indices falling 1 to 3 per cent. The BSE Midcap index lost 2.63 per cent and the Smallcap index fell 2.11 per cent.
Earlier, the stock market was open on the green mark recovering from the sluggishness of the past days. The BSE Sensex index jumped 64 points or 0.11 per cent to open at 57039.68, while the NSE Nifty index gained 24 points or 0.14 per cent to open at 17,093 level. On Monday, the Sensex closed at 56,976, down 85 points or 0.15 per cent, while the Nifty index slipped 33 points or 0.20 per cent to close at 17,069.