Sensex and Nifty fell for the fourth straight session, causing investors to lose nearly ₹9 lakh cr

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Sensex and Nifty fell for the fourth straight session, causing investors to lose nearly ₹9 lakh cr

Team FS

18/Apr/2024

Key Points:

Market Decline Continues: Sensex and Nifty 50 faced their fourth straight session of losses, reflecting ongoing selling pressure in the Indian stock market.
Global Factors at Play: Mixed global cues, including easing crude oil prices and a weaker US dollar, influenced market sentiment, though major European markets showed resilience.
Geo-Political Concerns: Tensions between Israel and Iran added to market apprehensions, with Israeli Prime Minister Netanyahu signaling independent action against Iran, despite international calls for restraint.

In the fast-paced world of stock trading, April 18th marked another day of turbulence for Indian investors as both the

Sensex and Nifty 50 indices continued their downward trajectory for the fourth consecutive session.This persistent decline reflects the prevailing selling pressure, signaling caution among investors.

Amidst this domestic scenario, global cues played a pivotal role in shaping market sentiment. Despite some relief stemming from easing crude oil prices and a slight dip in the US dollar, the broader picture remained uncertain. Interestingly, while Indian markets struggled, major European counterparts, including the UK's FTSE, France's CAC 40, and Germany's DAX, managed to trade positively, showcasing resilience amidst the volatility.

Adding to the mix of concerns were the simmering tensions between Israel and Iran, which reverberated across global markets. Israeli Prime Minister Benjamin Netanyahu's stance on independently determining action against Iran, regardless of international calls for restraint, only served to heighten apprehensions among investors.

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Breaking down the numbers, the Sensex concluded the day with a significant loss of 455 points, representing a 0.62% decrease, settling at 72,488.99. Notably, only four stocks - Bharti Airtel, Power Grid, Infosys, and Larsen and Toubro - managed to hold their ground in the green. Similarly, the Nifty 50 ended at 21,995.85, down by 152 points or 0.69%, with the majority of stocks witnessing losses.

While large-cap stocks faced the brunt of the selling pressure, the midcap and smallcap segments also experienced mixed fortunes. The BSE Midcap index closed lower by 0.39%, while the BSE Smallcap index managed to eke out a nominal gain of 0.06%.

This sustained downturn has not only impacted investor sentiment but also eroded market capitalization. Over the span of four sessions, the combined market capitalization of BSE-listed firms dwindled from nearly ₹402.2 lakh crore to approximately ₹393.2 lakh crore, translating to a substantial loss of around ₹9 lakh crore. Such developments serve as a stark reminder of the inherent volatility and risk associated with stock market investments.

In parallel, the global crude oil market witnessed its own fluctuations, with Brent Crude trading over 1% lower, hovering around the $86 per barrel mark. This downward trend was largely attributed to expectations of no fresh sanctions against Iranian oil, offering a temporary reprieve amidst broader market uncertainties.

In conclusion, the Indian stock market's journey on April 18th reflects a delicate balance between domestic challenges and global dynamics. As investors navigate through these turbulent times, the need for informed decision-making and risk management remains paramount. Whether it's keeping a close watch on geopolitical developments or monitoring commodity prices, staying attuned to market trends is essential for safeguarding investments in today's ever-evolving financial landscape.

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Sensex and Nifty fell for the fourth straight session, causing investors to lose nearly ₹9 lakh cr

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