Sensex, Nifty crash: Why is stock market down today? Massive wealth eroded; investors lose ₹4 lakh crore - Top 3 reasons
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Sensex and Nifty 50 fell over 1% each on Monday, 19 October, as markets saw a sharp sell-off.
- ✓Investors lost ₹4 lakh crore in wealth as the total market value dropped to ₹468 lakh crore.
- ✓Weak global cues triggered this crash, causing many stocks to trade lower throughout the day.
Story at a Glance
- Category
- MARKET
- Reported By
- Livemint
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Sensex, Nifty 50 crash: The Indian stock market suffered a strong across-the-board sell-off in intraday trading on Monday, 19 October, with the benchmark indices, the Sensex and the Nifty 50, dropping more than 1% each amid weak global cues.
The Sensex declined almost 1,000 points, or 1.3%, to an intraday low of 73,771, while the Nifty 50 dropped nearly 300 points, or 1.2%, to the day's low of 22,861. The BSE 150 Midcap index declined by 0.75%, while the BSE 250 Smallcap index dropped 1%.
Investors lost more than ₹4 lakh crore in a single session as the overall market capitalisation of BSE-listed firms dropped to ₹468 lakh crore from ₹472 lakh crore in the previous session.
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