Stock market today: Investors lose about ₹5 lakh crore in a day as Sensex, Nifty 50 fall 1% each on all-round selloff

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₹373.9 lakh crore from ₹378.8 lakh crore in the previous session, resulting in investors collectively losing about ₹5 lakh crore in a single session. Equity benchmarks the Nifty 50 and the Sensex experienced significant losses on Tuesday due to widespread selling as investors remained cautious following the Bank of Japan's decision to raise rates for the first time in 17 years, ending eight years of negative interest rates, as expected by the market.

“The Bank of Japan ended eight years of negative interest rates on Tuesday, making a historic shift away from its focus on reflating growth with decades of massive monetary stimulus," reported Reuters. Also Read: Nifty 50, Sensex drop about 1% each.

Why is Indian stock market down today? — explained with 5 crucial reasons Now, attention shifts to the outcome of the US Federal Reserve meeting outcome on Wednesday. The Fed is expected to keep rates unchanged and investors' focus is expected to be on Fed Chair Jerome Powell's comments to get cues on the central bank's interpretation of recent inflation trends and economic growth.

Also Read: US Fed meet begins today: 3 key things that may influence Fed's interest rate decision and more Sensex fell 736 points, or 1.01 per cent, to close at 72,012.05 while the Nifty 50 ended the day at 21,817.45, down 238 points, or 1.08 per cent. The BSE Midcap index lost 1.36 per cent while the Smallcap index ended 1.04 per cent lower.

As many as 41 stocks ended in the red in the Nifty 50 index among which, TCS (down 4.37 per cent), BPCL (down 4.15 per cent) and Cipla (down 3.59 per cent) ended as the top losers. On the other hand, shares of Bajaj Auto (up 1.47 per cent), Bajaj Finance (up 1.25 per cent) and Eicher Motors (up 0.82 per cent)