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Indian stock market lost 20 Lakh crore in seven days

After a historical fall of 1408 points yesterday, Indian stock market again saw big down fall today. Indian stock market today reached as low as 15332 points with 2273 points fall in earlier day trading but later recovered 1398 points to finally close at 16730 points and 873 points down. Nifty is also down 310 points and closed at 4899 points with 6% decrease, earlier nifty also saw decline of as high 14%. Moreover, all this happened so fast that market fall more than 10% in just few minutes of start of trading session. Therefore, market also remains closed for almost one hour.

Today’s stock market fall created big panic in general public and many people even started agitating in front of Dalal Street. People around India have also registered their lot of unhappiness over the steep downfall in market and many people are even asking for enquiring in to this whole matter. There are many investors in market who have lost lakhs of rupees in recent falls. Overall, Indian stock market has lost almost 20 lakh crore rupees in last seven days. It took seven long months for the market to reach at this level but market lost all this in just seven days.

There are also further apprehensions in the minds of people that market can crash further tomorrow and in near future because at present Indian stock market is reacting to any down fall in foreign markets and there are many chances that foreign markets like US can fall further. Today, all most all sectors underperformed but some shares like Bharti Airtel and Tata motor managed to close in green. IT shares remain the worst hit with major decline in the share of big blue chip IT companies.

On the other hand, some people are also finding present market a good opportunity to enter in the stock market because today some share saw big ups and downs like RPL touched as lows as Rs 96 during today trade and then again touched as high as Rs 156. People around India also faced difficulty in investing money in stock market due to number of online trading websites and stock brokers going down due to panic and rush. Expert’s advice for the people is to enter market but in small goes ( like if you have 90 thousand rupees to invest than divided this money in to three parts and invest in few day in intervals).

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