In an unprecedented movement on the charts, Sensex today crashed sharply by over 1236 points, while Nifty50 went down by 365 points. The mar...
In an unprecedented movement on the charts, Sensex today crashed sharply by over 1236 points, while Nifty50 went down by 365 points.
The market today witnessed a broad-based selloff hitting hard on the second-rung mid- and small-cap indices. It could have also been due to profit booking after recent gains, but a bear-fear-based selling could've been the reason too. The war on Iran by the US is another reason why the investors would like to pull out their investments back home, as is the recent escalation of the crude oil price hike.
Investors' losses mounted to about ₹8 lakh crore as the overall market capitalization of BSE-listed firms dropped to nearly ₹464 lakh crore during the day from ₹472 lakh crore in the previous session.
A similar event was witnessed about a month before.
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