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The Indian stock market has undergone a significant downturn, with nearly Rs 30 lakh crore wiped off its market capitalisation. Contributing factors include surging oil prices and elevated bond yields. Experts predict that any potential rebound hinges on the health of the broader economy. Additionally, Foreign…
BSE Sensex and Nifty50, the Indian equity benchmarks, crashed in trade on Thursday, with both indices down over 1%. Investors reacted to the RBI’s policy tightening and repo rate hike, continued FII selling and other negative factors.
Stock market crash on 8 October: Sensex fell about 700 points and over Rs 7 lakh crore of wealth was lost. See what went wrong, sector moves, levels and what next.