Brace yourselves! The Indian stock market just had a rollercoaster ride that no one saw coming. Sensex plummets, and investors lose a whopping ₹9 lakh crore. Find out what happened!
On October 22, 2024, the Indian stock market took a significant downturn, leaving investors in shock. The equity benchmarks, Sensex and Nifty 50, witnessed a catastrophic drop of over 1%, leading to widespread panic among traders. As the market closed, the Sensex dropped by an astonishing 930.55 points, landing at 80,220.72, while the Nifty plunged 309 points to finish below the psychological level of 24,500. The selling frenzy caught many off-guard, causing a wave of chaos that left nearly all sectors painted in red, from auto to telecom; nobody was spared in this market meltdown.
The root cause of this stock market crash is attributed to massive sell-offs ignited by foreign investors, which led to a loss of nearly ₹9 lakh crore in investor wealth. According to the BSE market capitalization, this significant decline brought the total market cap down to ₹444.66 lakh crore, a stark contrast to the previous valuation of ₹453.65 lakh crore. The pessimistic sentiment was palpable, triggering a cascade of selling across the board. As financial gurus often say, when it rains, it pours – and it was indeed pouring in the stock market today.
Experts speculate that a combination of global economic uncertainties and rising interest rates played a pivotal role in yesterday’s market tantrum. The ongoing geopolitical tensions have further compounded worries about the strength of global economic recovery, leaving many investors with second thoughts about where to park their hard-earned money. The bearish trend was evident with the BSE Midcap index showcasing a similar decline, further corroborating the pervasive fear that swept through trading floors across the country.
In a world where investing is often compared to gambling, this day will surely live in infamy among market enthusiasts. But don’t count on doom and gloom just yet! Historically, markets tend to recover from setbacks, and this might just be a temporary bump in the road. Retrospectively, let’s not forget the great market crash of 2008 – it too was followed by a stellar recovery. So buckle up, folks! The market rollercoaster is unpredictable but not without its moments of triumph.
As a fun fact, did you know that the BSE Sensex is actually one of the oldest stock market indices in Asia, launched back in 1986 with just 30 companies? It's like the wise elder in the chaotic family of stock markets, having seen more ups and downs than your average Bollywood blockbuster! Another nugget to chew on is that despite the current downturn, Indian stock market investments have historically yielded profitable returns, reminding us all that fortune favors the bold. So, while the drop might sting today, tomorrow's rise could bring smiles!
Stock market today: The Indian stock market faced significant selloffs, with the Sensex and Nifty 50 dropping over 1%. Mid and small-cap indices fell up to ...
Investor wealth, as suggested by the BSE m-cap, fell Rs 8.98 lakh crore to Rs 444.66 lakh crore compared with a valuation of Rs 453.65 lakh crore recorded ...
Stock market today: At the closing bell, Sensex plunged 930.55 points to 80220.72, while the Nifty fell 309 points to 24472.10. The sharp decline wiped out ...
All the sectoral indices ended in the red with auto, capital goods, metal, power, realty, telecom, media and PSU bank were down 2-3 percent. BSE Midcap index ...
Share Market Live Updates 22 October: शेयर बाजार में सप्ताह के दूसरे कारोबारी दिन को भारी गिरावट देखने को मिली है। सेंसेक्स 900 से अधिक अंक की ...
Sensex, Nifty updates on 22 October 2024: Equity benchmark indices Sensex and Nifty fell over 1% on Tuesday due to a widespread sell-off driven by massive ...
भारतीय शेयर बाजार में मंगलवार को भारी गिरावट देखने को मिली। दोनों प्रमुख सूचकांक- सेसेंक्स और निफ्टी में 1-1 फीसदी से अधिक गिरावट आई।
Share Market Today: On the 30-share Sensex platform, except ICICI Bank all the indices closed in the red. M&M, Tata Steel, PowerGrid, SBI, Tata Motors, ...
Stock Market Live Updates: Tech Mahindra, Wipro, Infosys, Adani Ports, Grasim Industries निफ्टी का टॉप गेनर रहा। वहीं SBI Life Insurance, HDFC Life, ...
In a volatile session on Tuesday, the BSE Sensex crashed up to 1002 points or 1.23 per cent to 80433 levels, while NSE's Nifty50 fell 336 points or 1.35 per ...
BTTV brings you a new market show - 'Daily Calls,' where you can gain invaluable insights and clarity on your market queries through our live sessions ...
Share Market Crash: भारतीय शेयर बाजार का सूचकांक सेंसेक्स आज 900 अंकों की भारी गिरावट के साथ बंद हुआ।
The BSE Sensex ended lower by 931 points while the Nifty ended 309 points down.
Stocks market today: Experts have recommended buying Unichem Laboratories, Torrent Power, Infosys, TVS Motor, and Apollo Hospitals.
Stock Market Today | Share Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets ...
On October 22, foreign institutional investors continued their selling spree, offloading shares worth Rs 3978.61 crore, while domestic institutional ...
Market Live: Markets in India were likely headed for a flat-to-negative start indicated GIFT Nifty futures that were trading marginally behind Nifty ...
Asian stocks fluctuated in early trade today. Bajaj Finance, Can Fim Homes, Amber Enterprises, ICICI Prudential, Max Financial Services, M&M Finance, Persistent ...
Sensex Today | Stock Market LIVE Updates | After a brief dip at the opening, domestic equity indices Sensex and Nifty50 rallied on Wednesday, ...
India Business News: Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Wednesday after Tuesday's crash.
Share Market Today: On the 30-share Sensex platform, Bajaj Finserv, Bajaj Finance, TechM, HDFC Bank, TCS, HCLTech emerged early gainers.
Indian share markets are trading positive with the Sensex trading 81 points higher and Nifty is trading 13 points higher.
The S&P BSE Sensex was up 162.52 points to 80383.24 at 9:57 am, while the NSE Nifty50 rose 46.45 points to trade at 24518.55.
At 10:30 IST, the barometer index, the S&P BSE Sensex, added 78.25 points or 0.10% to 80298.97. The Nifty 50 index added 30.30 points or 0.12% to 24502.40.
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff. 23 Oct 2024, 07:00:12 AM IST. Stock Markets Today Live Updates ...
The Nifty 50 ended the session with a 0.15% drop at 24435 points, while the Sensex ended Wednesday's trade with a cut of 0.17% at ₹80081 points.
BTTV brings you a new market show - 'Daily Calls,' where you can gain invaluable insights and clarity on your market queries through our live sessions ...
Share Market Today: On the 30-share Sensex platform, M&M, Sun Pharma, PowerGrid, NTPC, Adani Ports, L&T emerged losers.
Stock Market Live: Markets in India were mixed at pre-open on Thursday, tracking muted sentiment from lower US markets overnight.
Sensex Today | Stock Market LIVE Updates | Equity markets fell for the third consecutive day on Wednesday, primarily driven by ongoing foreign capital ...
Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined).
Stock Market Today | Share Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets ...
Share Market Today: On the 30-share Sensex platform, HUL is the biggest loser, declining 6 per cent. Nestle, Airtel, Maruti, ITC, TCS are among the other ...