Stock market today: Nifty 50, Sensex fall over 1.5%; mid, smallcaps bleed; investors lose over ₹8 lakh crore in a day
Zee share price tanks 33%, erases over ₹7k crore mcap as Sony calls off merger; brokerages downgrade stock The losses in midcaps and smallcaps were even deeper as the BSE Midcap and Smallcap indices ended with losses of nearly 3 per cent each. The overall market capitalisation of the BSE-listed firms plunged to nearly ₹366 lakh crore from nearly ₹374.4 lakh crore in the previous session, making investors lose about ₹8.4 lakh crore in a single session.
After today's close, the Sensex is down 3 per cent while the Nifty 50 has declined over 2 per cent in January so far. However, the midcap and smallcap indices are still in the green for the current month.
BSE Midcap index is up over 1 per cent while the Smallcap index is up about 2 per cent in January so far. Only 10 stocks managed to end in the green in the Nifty 50 index on Tuesday among which shares of Cipla (up 6.97 per cent), Sun Pharma (up 4.04 per cent) and Bharti Airtel (up 2.97 per cent) ended as the top gainers.
Shares of IndusInd Bank (down 6.18 per cent), Coal India (down 5.58 per cent) and SBI Life Insurance Company (down 4.66 per cent) ended as the top laggards in the Nifty 50 index. (More to come)Milestone Alert!
Livemint tops charts as the fastest growing news website in the world
