Sensex, Nifty crash: Why is stock market down today? Massive wealth eroded; investors lose Rs.4 lakh crore - Top 3 reasons
New Delhi, Oct. 19 -- 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 over 1,000 points, or 1.4%, to an intraday low of 73,709, while the Nifty 50 dropped over 300 points, or 1.3%, to the day's low of 22,845. The BSE 150 Midcap index declined by 0.75%, while the BSE 250 Smallcap index dropped 1%.
Investors lost Rs.4 lakh crore in a single session as the overall market capitalisation of BSE-listed firms dropped to Rs.469 lakh crore from Rs.472.6 lakh crore in the previous session.
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