The stock market got a shock amid the Indo-Pak war, investors lost Rs 7 lakh crore in just 2 days:

News Topical, Digital Desk : Share Market: The effect of the increasing tension between India and Pakistan is that the wealth of investors has declined by up to Rs 7 lakh crore in the last two trading sessions. There is turmoil in the market during the war between the two countries. Continuous selling of shares is being seen.

Investors are selling shares due to tension

NSE Nifty closed at 24,008 on Friday, down 265.80 points or 1.10 percent. At the same time, BSE Sensex also saw a decline for the second consecutive day, which reflects the concern of investors in this atmosphere of tension between the two countries. The benchmark Sensex closed 880.34 points or 1.10 percent down at 79,454.47. In the last two trading sessions, the Sensex has registered a decline of 1,292.31 points or 1.60 percent. Due to the selling of shares by investors amid growing uncertainty, the market cap of companies listed on BSE has come down by Rs 7,09,783.32 crore to Rs 4,16,40,850.46 crore (US $ 4.86 trillion).

Heavy selling started on Thursday night

This sell-off intensified after Pakistan's attack with drones and missiles targeting military installations in Jammu, Pathankot and other areas on Thursday night and the Indian Army's action on it. According to a TOI report, Prashant Tapase, Senior Vice President (Research), Mehta Equities Limited, said, "Investors are keeping away from local equities due to the increasing tension due to the Indo-Pak conflict."

These people incurred losses while these people remained in profits

The companies whose shares suffered losses in the Sensex include ICICI Bank, Power Grid, UltraTech Cement, Bajaj Finance, HDFC Bank, Reliance Industries, Bajaj Finserv and Adani Ports. On the other hand, Titan Company, Tata Motors, Larsen & Toubro and State Bank of India registered gains.

The biggest decline in this sector

If we talk about sectors, the realty index has seen the maximum decline of 2.08 percent. After this, utilities, financial services, power, banks, FMCG and services declined. While capital goods, industrial, consumer goods, metals registered a rise. Vinod Nair, Research Head, Geojit Financial Services, says, "The possibility of conflict was already there, but the increase in it has surprised people. However, given India's strategic advantage and Pakistan's economic weakness, investment is still expected to increase only for a short time."

Despite the volatility, foreign institutional investors (FIIs) remained net buyers in Indian equities on Thursday, while retail investors appeared more cautious.