Indices for inflation are volatile The dollar rose to Rs 78.04. Rs 6.64 lakh crore of wealth evaporates
Domestic stock markets suffered heavy losses earlier in the week. With US inflation hitting a 40-year high, the country's central bank is expected to accelerate further interest rate hikes. Investors' sales are booming here. As a result, the Sensex fell below 53,000 points and the Nifty lost a key 15,800 level. The rupee had lost 20 paise to close at a lifetime low of 78.13 against the dollar in yesterday's trade. Finally, it fell 11 paise to close at 78.04.
* The total market value of BSE-listed companies, which are considered to be the wealth of investors, fell by Rs 6.64 lakh crore in a single day to Rs 245.19 lakh crore. Wealth worth Rs 9.75 lakh crore has evaporated in the last two trading days.
* The Sensex opened the morning at 53,184.61 with a loss of nearly 1100 points. It fell 1776 points in the next one session, reaching a low of 52,527.08. The stock finally closed at 52,846.70 with a loss of 1456.74 points. The Nifty was down 427.40 points at 15,774.40. The index hit an intraday low of 15,684.
Nestle was the only 30-share Sensex to rise 0.46%. Bajaj Finserv 7.02%, Bajaj Finance 5.44%, IndusInd Bank 5.27%, Tech Mahindra 5.22%, ICICI Bank 4.46%, TCS 4.31%, NTPC 4.09%, Infosys 3.58%, SBI 3.44%, 3.35% Saw the landscapes per se.
Zaidas Life Sciences shares buyback from 23: Zaidas Life Sciences buyback of Rs 750 crore shares will start on July 23 and end on July 6.
Foxconn raises Rs 5,000 crore IPO: SEBI has cleared FIH, a subsidiary of Foxconn's technology group, FIH Mobiles India, to raise Rs 5,000 crore through a public issue.
DIIs invest Rs 2 lakh crore
While foreign institutional investors have been heavily withdrawing investments from our stock markets, domestic institutional investors (DIIs) have been net buyers for the past 16 months. The value of DII investments so far this year has exceeded Rs 2 lakh crore. It is now that DIIs are investing such a huge amount in a calendar year.
194 shares for a year low
194 shares hit a 52-week low on the BSE in the wake of the fall in the markets. More than 350 shares hit the lower circuit. Among the stocks that touched year lows were Bajaj Finance, Bajaj Finserv, RBL Bank, Shree Cement, Tata Steel, Ultratech, Birla Corporation, ICICI Lombard, LIC Housing, IB Housing and NYM.
LIC share down
For the 10th day in a row, LIC shares have disappointed investors. With the lock-in period of anchor investors ending last Friday, they went on sale. As a result, the stock lost 6 per cent intraday on Monday .. hit a fresh low of Rs 666.90. The stock ended 5.85 per cent lower at Rs 668.20. The market value of the company fell to Rs 4.22 lakh crore. The stock has lost 29 per cent so far compared to the issue price of Rs 949. At the issue price, the company had a market cap of Rs 6 lakh crore and has lost Rs 1.7 lakh crore so far. As a result, Bloomberg has revealed that it remains one of the most wealthy Asian IPLs this year. Shares of South Korean LG Energy Solutions Ltd. fell 30 percent to top the list.
U.S. markets traded at a huge loss on Monday. At 11.30 pm Indian time, the Dow Jones Industrial Average was down 600 points and the Nasdaq was down 390 points. The S&P 500 index, which reflects the performance of the 500 iconic registered companies in the US, lost 107 points. The fall in the index by more than 20 per cent compared to its January 3 high this year is a sign of bearishness. The decisions of the US Federal Reserve meeting, which begins today, will be released tomorrow (Wednesday). The rate hike is expected to be 0.75%.
Bitcoin for $ 22,600: The value of Bitcoin was recently limited to an 18-month low of $ 22,600. The total market value of Bitcoin is limited to $ 450 billion, according to the Coin Market Cap.