Sensex 2600 and Nifty up 800 points, turmoil, investors’ wealth declined by Rs 3 lakh crore

Ahmedabad: Indian stock market today witnessed heavy volatility with Sensex falling 733 points and Nifty falling 172 points following reports of major changes in income tax rules by the government after the Lok Sabha elections amid various favorable reports. Behind the difference in Sensex, investors’ wealth increased to Rs. There was a loss of Rs 2.25 lakh crore.

Globally, Indian stock market gained momentum amid global peace in Israel-Hamas war, sharp decline in crude oil and other positive reports that the government will implement uniform norms in income for all asset classes after the Lok Sabha elections. Also change the rules of tax account and penalty.

After fresh gains at the start of trading, Sensex rose 484 points to 75095. After the above report, heavy selling pressure was seen in heavyweight stocks including small and midcap stocks. However, later fresh gains at lower levels offset half of the fall. However, at the end of trading it closed at 73,878.15 with a fall of 732.96 points.

After touching a new high of 22,794 with a gain of 146.50 in the opening session, Nifty also fell 446 points to 22,348 due to selling pressure. It recovered in the late stages of the session after making a fresh move lower, however, at the end of the session, it broke 172.35 and closed at a high of 22,475.85.

Thus, during the entire session today, there was a fluctuation of more than 2600 points in Sensex and more than 800 points in Nifty. Investor wealth today (BSE market cap) increased to Rs. Rs 2.25 lakh crore reduced to Rs 2.25 lakh crore. 406.24 lakh crore. Foreign investors sold Rs 2,392 crore today.

Dow Jones jumped 426 points

Dow Jones rose 426 points in the early stages of trading in the American stock market today as the possibility of interest rate cuts in America increased once again. An increase of 1.75 lakh has been seen in the employment figures announced for the month of April in America. However, an additional Rs 2.50 lakh was expected. In such a situation, after the employment figures have come out weak, the possibility of rate cut has increased. After these news, Dow Jones rose 426 points to 38651 in early trading today. While Nasdaq has jumped 301 points and is working at the level of 16140.