Indian Stalk Mmarket Weekly Los: The environment created in the Middle East has worked to spoil the trend of the Indian domestic market as well as the global one. There was a strong decline in the market even on the last trading day of the week.

Sensex fell by 1470.50 points to 74,563.92 points, while NSE Nifty 50 slipped by 488.05 points and closed at the level of 23,151.10. Amidst this fearful environment, investors had to suffer huge losses. Let us know about this…

Investors suffered huge losses

Due to this ongoing decline in the market, investors had to face huge losses. Talking about the figures, this week investors had to suffer a total loss of Rs 19.86 lakh crore. On Friday’s trading day itself, Rs 10.24 lakh crore of investors were wiped out from the market.

Talking about the impact of the conflict between Iran and Israel that started on February 28, investors have suffered a loss of Rs 33.68 lakh crore since the beginning of the war. Due to which there is concern among investors and there is also doubt about further uncertainty.

There was selling pressure in these sectors

This week, pressure was seen on many sectors in the stock market. In which the biggest decline was recorded in the auto sector. The auto sector fell by about 10.64 percent during the entire week. Due to this, the auto index fell from 26,770 points to around 24,195 points. The selling pressure has left the biggest impact on the auto sector.

After auto, PSU bank sector stood second in terms of decline. In which there was a weakness of about 7.27 percent. Apart from this, there was a decline of 5.90 percent in metal sector, 4.35 percent in real estate, 4.25 percent in oil and gas and about 3.54 percent in IT sector.

Foreign investors are continuously maintaining distance

Amidst the uncertain environment, foreign investors are continuously staying away from the Indian market. Strong selling by foreign investors was also seen on Friday, March 13. According to available data, FPIs and FIIs have sold shares worth about Rs 10,716.64 crore on that day. This is considered to be the biggest sale in a single day in more than a year.

Talking about the data of the entire week, the trend of foreign investors remained towards selling. In total, he sold equity shares worth about Rs 36,071 crore. However, domestic institutional investors (DIIs) provided some support to the market and made net purchases of about Rs 37,740 crore during this period. Despite this, the stock market did not get support and the major indices turned red like tomatoes.

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