Stock market earthquake: Investors lose Rs 4 lakh crore, hopes of recovery by close

Mumbai (The Uttam Hindu) – The stock market saw a decline on Thursday. While a reversal is possible by evening, the Sensex fell nearly 850 points at one point, while the Nifty 50 also reached its daily low of 25,567.75 during trading. Mid-cap and small-cap companies suffered the most losses in this market sell-off. Investors lost approximately ₹4 lakh crore.

Among the Sensex stocks, shares of HCL Tech, Infosys, TCS, Tech Mahindra, Tata Steel, Eternal, Maruti Suzuki, Bharti Airtel and SBI rose while shares of Kwality Walls, Indigo, Asian Paints, Trent, Axis Bank, Kotak Bank, Bajaj Finance and Adani Ports fell. The impact of AI on the stock market, especially on the shares of IT companies, does not seem to be decreasing yet. Geopolitical tension is the major reason behind today's fall in the stock market. News of possible action by America against Iran has made investors cautious.