Rs 6L cr wiped out! D-Street suffers worst week in 25 yrs; what caused the crash?
The Indian stock market experienced its worst week in 25 years, with investors losing over Rs 6 lakh crore due to heavy foreign institutional investor selling and rising US bond yields. Benchmark indices Sensex and Nifty50 saw significant declines throughout the session.
Why it matters
Market volatility of this magnitude reflects broader economic concerns and the sensitivity of emerging markets to global financial trends.
NEW DELHI: Dalal Street suffered its worst and longest losing streak in nearly 25 years, with investors losing over Rs 6 lakh crore. Benchmark indices came under heavy selling pressure on Thursday, with BSE Sensex and NSE Nifty50 falling more than 1% as persistent foreign investor outflows, rising US bond yields and pressure on rupee weighed down sentiments.During the session, the BSE Sensex plunged more than 1,000 points to fall below the 71,600 mark, while the NSE Nifty50 dropped over 300 points to slip below 22,300. The indices, however, pared some of their losses later in the session.
Also covering this story
3 other newsrooms covered this event. We read each version separately.
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