Stock market closed with heavy fall due to tsunami of decline in midcap-smallcap stocks, market value reduced by Rs 7.60 lakh crore.

Stock market closed with heavy fall due to tsunami of decline in midcap-smallcap stocks, market value reduced by Rs 7.60 lakh crore.

Stock Market Closing On 12 February 2024: The first trading session of this week was very disappointing for the investors of the Indian stock market. Today's session has proved to be Black Monday for mid cap and small cap stocks. Heavy selling has also been seen in banking stocks in today's business. At the end of trading, BSE Sensex closed at 71,072 points with a fall of 523 points while Nifty of National Stock Exchange closed at 21,616 points with a fall of 166 points. 

Sector condition 

Tsunami has been seen in mid cap and small cap stocks in today's trade. Nifty Mid Cap Index closed with a fall of 1213 points and Nifty Small Cap Index closed with a fall of 652 points. Whereas BSE Mid Cap closed with a fall of 1038 points and BSE Small Cap closed with a fall of 1443 points. 

8 lakh crore reduced market cap 

Due to this decline in the stock market, there has been a big dent in the market value of the companies listed in the market. At the end of trading today, the market cap of companies listed on BSE has declined to Rs 378.85 lakh crore, which was Rs 386.43 lakh crore in the last trading session. The market value of the market has decreased by Rs 7.58 lakh crore in today's trade. 

 

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