New Delhi. The stock market has seen stocks crash in the last 2 days. The Sensex has fallen by 1805 points or 2.27 percent in these 2 days. The result of this huge fall in the market was that investors lost Rs 13 lakh crore within 2 days. In 2 days, the market cap of companies listed on BSE has fallen by Rs 13,07,898 crore to Rs 4,29,46,189.52 crore.

Talking about today's market, Sensex plunged 1.25 percent on Wednesday and closed at 77690 points. Nifty of 50 shares closed at 23559, down 1.36 percent. Today Hero MotoCorp closed down by more than 4 percent. Apart from this, Hindalco, M&M, Eicher Motors, and Tata Steel closed down by more than 3 percent.

Is Ramesh Damani's statement true?
Stock market veteran Ramesh Damani had made a comment about the boom in the Indian market after Donald Trump's victory in the US. Talking to CNBC-TV18, he had said, "Perhaps we have achieved the highest level of this year." He had said that after the initial excitement in the market due to Trump's victory, there may be a decline or stability for 2-3 months and only after that the market can again move towards new heights.

Ramesh Damani's statement seems to be true so far. The boom that came into the market due to Trump's return could not last. The market has seen a continuous decline in the last
5 sessions. According to experts, many factors are working behind the decline. For example, the rise in US bond yields, weak quarterly results of companies at the domestic level, and exaggerated valuations of companies are included in these. Apart from this, foreign investors are continuously withdrawing money from the domestic market, which is directly related to the US bond yield and the strengthening dollar. In the first 5 trading sessions of this month, FPIs have withdrawn about Rs 20,000 crore from the Indian market.