Stock Market Crash: Sensex near 55,800 after breaking 1100 points, Nifty near 16700 level

Stock Market Crash: Today Reserve Bank Governor Shaktikanta Das announced to increase the policy rates in the country and due to its effect the Indian stock market has crashed. Domestic stock markets have broken more than 2-2 percent and are trading with a huge decline. RBI has increased the repo rate by 0.40 percent, due to which the stock market has suffered a major setback.

What is the condition of the stock market at this time?

At 2:44 pm, the BSE 30-share index Sensex is trading at 55,831.68, down 1144.31 points, or 2.01 percent. Apart from this, NSE’s 50-share index Nifty is trading at 16,724.60, down 344.50 points or 2.02 percent.

What is RBI’s decision
RBI has increased the repo rate by 0.40 percent today and has brought it up from 4 percent to 4.40 percent. Apart from this, RBI has also increased the Cash Reserve Ratio (CRR) by 0.50 percent. The CRR has now come down to 4.50 per cent.

What is the condition of Nifty
In today’s trading, only 5 out of 50 stocks are seeing a rise in Nifty and the remaining 45 stocks are trading with a red mark of decline. There is a tremendous decline in Bank Nifty and showing a decline of 2.62 percent by breaking 952 points. Bank Nifty is trading at the level of 35211. All 12 banking stocks of Bank Nifty are trading with a decline.

Rising Stocks / Falling Stocks
ONGC, Britannia Industries along with Power Grid and NTPC are seeing the biggest gains in the rising stocks. Kotak Mahindra Bank is also up. Apart from this, Apollo Hospitals has lost 7 percent in falling stocks and Adani Ports has fallen 5.42 percent. Bajaj Finance has a weakness of 4.84 percent and Hindalco is trading with a fall of 4.40 percent. Bajaj Finserv is also down 4.40 per cent.

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