Stock Markets Updates: Monday is another day of decline in the domestic stock market. This week has started with a decline for both benchmark indices. In early trading, the BSE Sensex fell up to 1,500 points, reaching 57,000. Nifty also declined below 17,000 points around the same time.
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A drop of over 1,500 points in early trade brought the Sensex below the 57,000 mark. The Nifty index lost more than 450 points at the same time. Stocks fell up to 2% today on the domestic market. All the sectoral indices on Dalal Street were moving in red today. Bank and financial stocks saw the biggest decline.
Russia-Ukraine tensions are also affecting global markets. Japan’s Nikkei index fell 2 percent as well. There was also a boom in the crude oil market. The crude oil price for Brent climbed 1 percent to $ 95 per barrel.
Sensex companies collectively lost Rs 1,03,532.08 crore in market capitalization last week, according to last week’s trading figures. TCS (Tata Consultancy Services) suffered the biggest loss. Only Reliance Industries increased its market capitalization among the top 10 companies. The company’s market value rose by Rs 30,474.79 crore to Rs 16,07,857.69 crore. However, the market capitalization of TCS declined by Rs 44,037.2 crore to Rs 13,67,021.43 crore.
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