Sensex Plunges 2,700 Points in Four Trading Sessions, Investors Suffer ₹11 Lakh Crore Losses: Unpacking the Key Market Drivers
Stock Market Crash Continues: Sensex and Nifty 50 Decline for Fourth Consecutive Session
The Indian stock market witnessed a decline for the fourth consecutive session on Tuesday, 12 May, as market barometers Sensex and Nifty 50 struggled to find stability amidst mixed global cues. The 30-share Sensex index plummeted by over 700 points, reaching an intraday low of 75,276, while the NSE counterpart, Nifty 50, fell nearly 1% to its day's low of 23,618.
A closer look at the performance of the Sensex and Nifty 50 over the past four sessions reveals a stark decline in the market. The Sensex has crashed by 2,700 points, translating to a loss of more than 3% in this period. Similarly, the Nifty 50 has shed 3% of its value. This downturn in the market has resulted in significant losses for investors, with the overall market capitalisation of BSE-listed firms plummeting to ₹462 lakh crore in morning deals on Tuesday from ₹473 lakh crore on Wednesday, 6 May. This translates to a staggering loss of about ₹11 lakh crore for investors in just four sessions.
| Market Index | 4-Session Loss | % Loss |
|---|---|---|
| Sensex | 2,700 points | >3% |
| Nifty 50 | 3% | 3% |
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
This developing story is expected to continue unfolding in the coming days. As more updates become available, we will provide fresh information on the Indian stock market's performance.
Investor Takeaway
Investors should be cautious and monitor the market closely as the Sensex and Nifty 50 continue to decline.
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