Indian Stock Market Plummets 1,000 Points, Investors Suffer ₹4 Lakh Crore Loss
Indian Stock Market Sees Sudden Crash on Monday
The Indian stock market witnessed a sharp decline on Monday, 11 May, as a strong wave of selloff engulfed the market. The key benchmarks, Sensex, and the Nifty 50, suffered significant losses during the session. The 30-share pack Sensex plummeted almost 1,000 points, or more than 1%, to an intraday low of 76,364.
The NSE counterpart, Nifty 50, also declined by more than 1% to the day's low of 23,896. This decline was not limited to the major indices, as the BSE 150 Midcap and 250 Smallcap indices also fell by up to 1% during the session.
The overall market capitalization of BSE-listed firms dropped to nearly ₹469.5 lakh crore from ₹473.5 lakh crore in the previous session. This decline resulted in a loss of ₹4 lakh crore for investors within minutes.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
| Index | Previous Session | Current Session | Change |
|---|---|---|---|
| Sensex | 77,364 | 76,364 | -1,000 points (-1%) |
| Nifty 50 | 24,000 | 23,896 | -104 points (-1%) |
| BSE 150 Midcap | -1% | ||
| BSE 250 Smallcap | -1% |
Investor Takeaway
Investors should be cautious and consider diversifying their portfolios to minimize losses.
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