Investors Lose ₹25 Lakh Crore in Four-Day Market Crash
The Indian Stock market saw a massive ₹25 lakh crore wipeout in market value over the past four days, with the Bombay Stock Exchange (BSE) market cap dropping below the $5-trillion mark.
On Monday alone, investors lost ₹12.61 lakh crore due to a sharp sell-off. The total market capitalisation of BSE-listed companies plunged to ₹4,17,05,906.74 crore.
What’s Behind the Stock market Crash?
The continuous sell-off by foreign institutional investors (FIIs) has hit the market hard. FIIs have sold over ₹20,000 crore worth of shares this month.
“The Indian rupee fell to a new low against the dollar. Strong US non-farm payroll data pushed the dollar index higher, affecting market sentiment,” said Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services.
Oil prices also surged to a three-month high, driven by expanded US sanctions on Russian crude. This added to global economic uncertainty.
Sensex, Nifty Tumble
Over the last four sessions, the BSE Sensex has dropped by 1,869 points (2.39%).
Here’s how major stocks performed:
| Gainers | Losers |
|---|---|
| Axis Bank | Zomato |
| Tata Consultancy Services | Power Grid |
| Hindustan Unilever | Adani Ports |
| IndusInd Bank | Tata Steel |
| NTPC | |
| Tata Motors |
A total of 3,562 stocks declined, while only 555 advanced on the BSE.
What’s Next?
The road ahead looks uncertain as inflation, oil prices, and global market cues continue to impact investor sentiment.
Experts recommend caution as more volatility is expected in the coming weeks.
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