Market Bloodbath! Investors Lose ₹10 Lakh Crore in a Single Day as Sensex Crashes!
The Indian stock market witnessed a massive meltdown on Thursday, leaving investors in a state of shock. In a brutal trading session, the total market capitalization of companies listed on the Bombay Stock Exchange (BSE) plummeted from approximately ₹450 lakh crore to nearly ₹440 lakh crore. This sudden erosion of wealth wiped out a staggering ₹10 lakh crore in just a few hours.
The downturn was fueled by aggressive selling across major sectors, including IT, Finance, and Auto. Analysts attribute this crash to weak global cues and a significant pull-out of funds by foreign institutional investors. As the Sensex indices struggled to find support, panic gripped the floor, leading to one of the biggest single-day losses in recent months. Financial experts advise caution as the market remains highly volatile, urging investors to keep a close watch on global economic developments before making new moves.