Share Market Today: The trading week of the Indian stock market opened on a red mark on Monday. In the early trade, heavy selling was seen in many sectors, such as auto, IT, and banking. The BSE Sensex fell 702.69 points or 0.88 percent to reach 79,021.43. At the same time, the NSE Nifty was also trading at 24,085.80 with a decline of 218.55 points or 0.9 percent.

Negative market trend

The market trend remained quite negative on this day. On the National Stock Exchange, 507 stocks were in the green, while 1777 stocks were in the red. Nifty Bank fell 280.60 points to 51,393.30. Nifty Midcap 100 and Smallcap index also saw a decline, making it a tough day for small investors.

Major Losers and Gainers

The major losers in the Sensex were Sun Pharma, Reliance, Tata Motors, and Infosys. On the other hand, stocks like M&M, Tech Mahindra, HCL, and IndusInd Bank saw a slight increase. This makes it clear that there is an atmosphere of instability in the market.

Global Impact

Experts say that the results of the US presidential elections at the global level in the coming days can have a profound impact on the market. There is a possibility of increased volatility in the market after the election results. However, this volatility may be short-lived. The US economic situation, inflation, and Fed policies will also have an impact on the market.

Losses to investors

The midcap and smallcap index on BSE has declined by about 2 percent. This has reduced the total market capitalization of BSE-listed companies from Rs 448 lakh crore to Rs 439 lakh crore. Due to this, investors lost about Rs 9 lakh crore in a single day. This situation shows the risk of investing in small and mid-cap companies.

Activities of foreign and domestic investors

On November 1, foreign institutional investors (FIIs) sold equities worth Rs 211 crore, while domestic institutional investors bought Rs 377 crore. This situation shows that despite the sell-off in the market, domestic investors are looking for possibilities.