Stock market closed in red zone for the fourth consecutive day, investors lost Rs 5 lakh crore, know the situation

Stock Market Closing Bell: The stock market closed with a decline for the fourth consecutive day due to increased profit booking. Most stocks except pharma, metal and healthcare have registered a decline. Investors' capital has decreased by Rs 1.73 lakh crore. Whereas in the last four trading sessions, investors have suffered a loss of Rs 5.17 lakh crore.

As the Lok Sabha election result day is drawing closer, on the other hand due to F&O settlement yesterday, investors booked profits and closed the deals due to which Sensex and Nifty closed with a decline.

Sensex closed down 667.55 points at 74502.90 and Nifty closed down 183.45 points at 22704.70. Nifty Pharma and Nifty Healthcare indices closed up 0.55 percent and 0.43 percent respectively. Metals also closed with a marginal improvement of 0.27 percent. While selling pressure was seen in all other sectors.

Market breadth negative

Today, 2133 stocks declined on BSE. While 1685 stocks improved. Apart from lower circuit in 287 stocks and upper circuit in 253 stocks, only 6 out of 30 stocks in the Sensex pack closed in the green zone. Which indicates a cautious stance with the market breadth being negative.

Investors look at these factors

Important data including US core PCE data, India's GDP data and auto sales are to be released by May 31. Keeping an eye on this, investors have shown a cautious stance. The possibility of US Fed rate cut has increased. Selling pressure has increased in financial, IT and banking stocks. Experts are predicting fluctuations in the market till the results of the Lok Sabha elections are announced on June 4.