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Investors poorer by Rs 5 trn as Sensex tanks 1,021 pts; Nifty near 17,300

CLOSING BELL: ith this, the indices have yet again turned negative for calendar year 2022. During the day, the Sensex had tumbled over 1,100 points, and the Nifty50 had erased nearly 350 points

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SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Markets, Market fall, bear
CLOSING BELL

Stock market highlights: 
Investors became poorer by Rs 4.83 trillion on Friday as equity went into a tailspin amid fears of a global recession. The benchmark crashed 1,021 points, or 1.73 per cent, to close at 58,099 today, while the Nifty50 broke below 17,350 levels to end at 17,327, down 302 points or 1.72 per cent. With this, the indices have yet again turned negative for calendar year 2022. 

During the day, the Sensex had tumbled over 1,100 points, and the Nifty50 had erased nearly 350 points as they hit their respective lows of 57,982, and 17,292.

ALSO READ: Reasons behind Friday's market fall

In the broader markets, the BSE MidCap and SmallCap indices underperformed the frontline indices as they declined between 2 per cent and 2.3 per cent. Overall, there were three sellers for every one buyer on as over 2,472 stocks fell on the BSE as against 1,000 gainers. 

Sectorally, the Nifty PSU Bank index plunged 4 per cent, while the Niftyy Bank, Private Bank, and Realty indices fell 2.6 per cent each. 

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