Share market crash wipes out ₹10 lakh crore of investors’ wealth, these reasons behind sensex-nifty fall

Mumbai (The Uttam Hindu): Thursday turned out to be a nightmare for stock market investors as heavy selling pressure caused a sharp fall in the markets. As soon as trading began, a strong wave of selling pushed both the Sensex and Nifty sharply downward. Investors who had put their hard-earned money into the market expecting profits suffered significant losses. After a volatile trading session, the Sensex closed 829 points lower at 76,034, while the Nifty slipped 227 points to settle at 23,639. Midcap and smallcap stocks also recorded declines amid the widespread market fall.

 ₹10 lakh crore wiped out, fear spreads across market Due to Thursday’s heavy sell-off, investors lost nearly ₹10 lakh crore in market wealth within just a few hours. The total market capitalization of companies listed on the Bombay Stock Exchange (BSE) dropped from about ₹450 lakh crore to nearly ₹440 lakh crore. Meanwhile, the India VIX index—considered the market’s “fear gauge”—also surged nearly 6 percent to reach 22.32, indicating rising panic among investors.