Indian equity indices closed in the deep red on Monday (Aug 05) following US recession fear in the global markets. At close, the Sensex was down 2,222.55 points or 2.74 percent at 78,759.40, and the Nifty was down 662.10 points or 2.68 percent at 24,055.60.
Due to the gigantic drop in the stock market, the market cap of the Bombay Stock Trade (BSE) came down to Rs 441 lakh crore, which was Rs 457 lakh crore in the past exchanging session, coming about in an Rs 16 lakh crore riches misfortune by the financial specialists. Offering was seen in the midcap and small-cap stocks. The Clever Small-cap 100 record was down 858 focuses or 4.57 per cent at 17,942 and the Clever Midcap 100 record was down 2,056 focuses or 3.55 per cent at 55,857.
Stock market specialists said, "Taking signals from the worldwide markets, the domestic market closed on a negative note, the rectification was essentially driven by baffling US work information which caused stresses around a potential subsidence in the US as the unemployment rate come to 4.3 per cent, whereas there are fears of a switch carry exchange in Yen after a rate climb by the Bank of Japan and further, escalating geopolitical tensions in the Middle East."
All the indices closed in the red. The biggest decline was in PSU Bank, Metal, Realty, Energy, Infra, Auto and IT indices. Twenty-eight out of 30 stocks in Sensex closed in the red.
Tata Motors, Tata Steel, SBI, Power Grid, Maruti Suzuki, JSW Steel, Infosys, L&T and Tech Mahindra were the top losers. HUL and Nestle were the only ones to close in the green.
