641 Stocks Hit Yearly Lows Amid Growing Geopolitical Concerns and Weak Domestic Performance

Massive Turmoil in Stock Market: Small-cap and Mid-cap Investors Face ₹7 Lakh Crore Losses

Stock Market Closing Update:
The stock market has faced its eighth consecutive day of declines, with significant losses across various sectors. The widespread sell-off resulted in severe losses for small-cap and mid-cap investors, causing market turmoil that saw the Sensex and Nifty experience major fluctuations. As small-cap and mid-cap indices fell by over 3%, investors were left with losses worth ₹7.26 lakh crore.

Sensex and Nifty Experience High Volatility:
Today, the Sensex witnessed high intra-day volatility of 1,043.42 points, closing at 75,939.21, down by 199.76 points. Similarly, the Nifty 50 broke through its crucial 22,800 support level, dipping to an intra-day low of 22,774.85, and closed at 22,929.25, losing 102.15 points. The market remained bearish throughout the day, particularly due to massive selling in small-cap and mid-cap stocks compared to large-cap stocks.

Small-cap Index Sees a Sharp Decline:
Both small-cap and mid-cap indices witnessed major losses, with the small-cap index falling by 1,522.44 points and the mid-cap index down by 1,056.32 points. Sectors such as public sector units, real estate, and power stocks saw severe drops. Overall, the market closed in the red zone, highlighting growing concerns among investors.

641 Stocks Hit Yearly Lows:
Out of the 4,083 stocks traded in the Sensex pack, 686 showed positive movement, while 3,316 stocks closed in the negative. A staggering 641 stocks hit their lowest point of the year, while 47 stocks reached their highest. Furthermore, 116 stocks hit upper circuit limits and 480 stocks hit lower circuit limits. Geopolitical concerns, such as Russia’s attack on Ukraine’s nuclear plant, along with weak quarterly results and a sharp decline in the rupee, added to the market’s instability.