Shock : Stock market crashes drastically

With SEBI deciding to halt the operations of 331 listed companies, stock market crashed drastically.

Adding to this shock, the political crisis in various areas also affected the business today. Business was a bit sloppy since the start of the week and today being the consequent day, domestic markets experienced heavy losses. Sensex lost more than 200 points and Nifty also experienced huge loss.

Today business started at 31,922 with a 91 point loss and never happen to recover. At the close of the day, total with a loss of 216 points market closed at 31,798.

Nifty also lost 70 points and closed at 9,908. The exchange rate of Rupee and Dollar is at Rs.63.81. Pharma industry shares are the most affected. Aurobindo Pharma & Sun Pharma were the major losers. Aurobindo share value fell down by 6 %.

In National Stock Exchange, Hindalco, NTPC, Asian Paints, Infosys, ONGC shares have gained marginally whereas prices of Sun Pharma, Adani Ports, Cipla and Tata Motors have slided down.