Sensex Crashes 1,000 Points: Rs 9 Lakh Crore Wiped Out As Foreign Investors Sell Indian Stocks En-Masse
The Indian stock market experienced a significant crash, with the Sensex dropping over 1,000 points as foreign investors pulled capital out of the country. The selloff is attributed to rising US bond yields, a weakening rupee, and concerns over global energy prices.
Why it matters
Large-scale capital flight from emerging markets like India highlights the sensitivity of global financial systems to US monetary policy and geopolitical instability.
Sensex Crashes 1,000 Points: The Indian stock market took another heavy hit on Thursday. The Sensex crashed more than 1,000 points by 2 pm, while the Nifty slipped below 22,300 as foreign investors continued to pull money out of Indian equities.The total market capitalisation of BSE-listed companies fell from Rs 4,71,86,292 crore at the opening to Rs 4,62,71,545 crore by 1:45 pm -- making the selloff sharp enough to wipe out around Rs 9 lakh crore in market capitalisation in a matter of hours. FOLLOW MARKETS LIVE UPDATESThe fall came as foreign institutional investors continued their selling streak.
Also covering this story
3 other newsrooms covered this event. We read each version separately.
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