Sensex falls 600 points, crashes 1,900 points in 3 days; what is driving the Indian stock market down? EXPLAINED
On Monday, July 28, the Sensex opened at 81,299.97 against its previous close of 81,463.09 and dropped over 600 points, or 0.80 per cent, to an intraday low of 80,830.80.
The NSE counterpart Nifty 50 fell 0.70 per cent to an intraday low of 24,661.10.
The market was witnessing a broad, across-segments selloff as the BSE Midcap index also fell by 0.80 per cent, while the Smallcap index plunged by over a per cent during the session.
In three sessions, the Sensex has crashed nearly 1,900 points, or 2.3 per cent, while the Nifty 50 has fallen 2.2 per cent.
Investors have seen their wealth erode by over ₹ 12 lakh crore in just three days, as the market capitalisation of BSE-listed companies fell from ₹ 460.35 lakh crore on July 23 to nearly ₹ 448 lakh crore.
On Monday alone, the market wiped out almost ₹ 4 lakh crore, with the total m-cap dropping from ₹ 451.7 lakh crore in the previous session.
(This is a developing story. Please check back for fresh updates.)
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