Sensex crashes almost 900 points, investors lose Rs.6 lakh crore in a day: What drove the stock market down?
New Delhi, June 23 -- The Indian stock market suffered strong losses on Tuesday, 23 June, as a fresh wave of selloff engulfed across segments, driving the benchmarks down by more than 1% each.
The Sensex lost 893 points, or 1.16%, to end at 76,200.68, while the Nifty 50 shed 279 points, or 1.16%, to settle at 23,824.10.
The mid and small-cap segments also witnessed selling pressure. While the Nifty Midcap 100 dropped 1.05%, the Nifty Smallcap 100 suffered a relatively smaller loss of 0.48%.
A sharp selloff dragged the overall market capitalisation of BSE-listed firms below Rs.475 lakh crore, from Rs.480.6 lakh crore in the previous session, making investors poorer by nearly Rs.6 lakh crore in a single day.
The stock market declined am...
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