- Petrol-diesel earned Rs 8.02 lakh crore in three financial years, while investors lost Rs 9 lakh crore in the stock market on Monday.
- The stock market reached 62,000 on October 19, 2021, down 6,500 points so far.
In the last one and a half years, investors in the Indian stock market have received good returns. The Indian stock market has seen a strong rally since March 2020, despite a sharp rise in the economic front during the Corona era. But market sentiment has been negative for the last one month or so. On Monday, the first day of the week, the stock market plunged so sharply that it led to a massive erosion in investor investment. 9 lakh crore swaha in one day in the assets of investors. In other words, investors’ capital has eroded by Rs 9 lakh crore.
The stock market crash of 1189 points was the biggest crash since April 2021. Last week, the Center informed Parliament that it had earned about Rs 8.02 lakh crore from taxes levied on petrol and diesel during the last three financial years.
government earned Rs 8.02 lakh crore from petrol-diesel in three financial years. The government earned Rs 3.71 lakh crore from petrol-diesel tax in the financial year 2020-21. That means more money than the government has earned from petrol-diesel in the last three years, due to a fall in the stock market on Monday, eroding investors’ money. That means the government has earned Rs 8.02 lakh crore from petrol-diesel sales in the last three financial years, while investors lost Rs 9 lakh crore on Monday following a slump in the stock market.
The stock market has been declining since
October 19. On October 19, 2021, the stock market reached the level of 62 thousand. The Nifty jumped 16,600. But since then the stock market has been steadily declining. The Sensex has so far fallen 6,500 points from its highest level. Foreign portfolio investors (FPIs) continue to sell in the Indian stock market. FPI had sold a whopping Rs 10,452.27 crore last week.
Late night saw a sharp decline in
global markets. The Dow Jones fell 624.08 points, or 1.76 per cent, the S&P 500 fell 75 points, or 1.61 per cent, and
Brazil’s Bowespa stock index fell 3,481 points, or 3.22 per cent.