Dalal Street Witness Monday Mayhem, Sensex Sheds Around 1600 Points

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Dalal Street Witnesses Monday Mayhem As Sensex Sheds Around 1600 Points

| Updated: January 24, 2022 18:58

Dalal street witnesses mayhem on Monday as all constituents end in the red. Sensex nosedives 1545.67 points to end at 57,491.51 points. Whereas, Nifty plunges 465.05 points to end at 17,149.10 points. In the last five days, investors lost Rs. 17.54 trillion worth of investment. 

The Nifty is down around 6 percent in the last five days. On Monday, Nifty smallcap was the worst hit with a 3.5 percent decline, which is the most since 12 April. The nifty realty declined over 5 percent whereas nifty metal saw a decline of over 5 percent. 

In the year 2022 so far, Nasdaq is down 12 percent, bitcoin is down around 24 percent whereas crude is up 14 percent and Gold is up around 0.5 percent. 

Factors that led to Monday mayhem:

The US Federal Reserve’s meeting is scheduled on 25-26 January and the world market is worried that the Fed will hike the rates which will start the decline of massive liquidy which has boosted the growth stocks in the past few years. 

Some experts believe this is another year where the dot com bubble is bursting as zomato went down by around 20 percent, profit-making company Nykaa also went down around 16 percent. 

In One97 Communications Ltd (Paytm) if you had invested around Rs 1000 a week ago that would have been turned into 829 by now. 

Top BSE Losers: 

No.Company Name Down (in %)
1Pyxis Finvest19.97
2Solonics Aartech 19.93
3Zomato 19.65
4Sprayking Agro Equip 17.64
5Anuroop Packaging Lt16.03

Key Highlights:

Vodafone Idea tumbled around 8 per cent after analysts show concerns, share was trading at around 11 points.

JSW Steel lost around 7 per cent and summed up the day at 621.80 points.

J.K Lakshmi Cement gained 0.54 per cent and ended the day at 592.80 points.

CSB Bank gained 0.50 per cent and ended the day at 242.50 points.

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