New Delhi (EMS). The domestic stock market witnessed major profit-booking on Tuesday before the monthly expiry and the budget and the benchmark indices crashed. Despite a strong start on Tuesday morning, Sensex and Nifty fell and closed in the red. On Tuesday, the Sensex closed at 70,370.55 with a decline of 1,053.10 points or 1.47 percent. On the other hand, Nifty fell 333.00 points or 1.54 percent to close at 21,238.80.
During Tuesday's trading session, heavy selling was seen in banking, metal, realty and media sectors in the market. Buying was seen only in the shares of pharma sector but due to this the market could not gain strength and ultimately closed in the red. According to stock market data, investors suffered a loss of about Rs 8 lakh crore during Tuesday's fall.
Here are the top gainers and top losers shares of Nifty
This big selloff came just after the Indian stock market overtook Hong Kong to become the fourth largest stock market in the world. During this period, the midcap and smallcap indices of the stock market slipped by almost 3%. Dalal Street investors lost around Rs 8 lakh crore in market capitalization during Tuesday's trading session. Shares of all the companies listed on BSE fell to Rs 366.3 lakh crore. Despite the strength in global markets, the market crashed due to selling in shares of banks, oil and gas, FMCG and metal sectors. Buying was seen only in shares of the pharma sector. The fall in Reliance Industries Ltd and HDFC Bank shares alone accounted for almost half of the entire Nifty fall.
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