Stock Market
₹2 lakh crore wiped out! Sensex crashes 900 pts, Nifty below 24,000 amid market volatility
Mumbai/IBNS: The Indian stock market witnessed a sharp sell-off on Wednesday, with the BSE Sensex plunging over 900 points and the Nifty 50 slipping below the 24,000 mark amid rising geopolitical tensions linked to the West Asia conflict, media reports said.
At around 12:40 pm, the Sensex was down 902.90 points, while the Nifty traded 284 points lower after giving up marginal gains seen at the opening bell.
The market had opened on a flat note with a slight rise as Brent crude slipped below $90 per barrel from a recent high of $120.
Meanwhile, midcap and smallcap indices traded in positive territory.
The BSE Midcap index rose 0.80 percent, while the BSE Smallcap index gained around 1 percent during the session.
Investors lost ₹2 lakh crore in market value during the session as BSE-listed firms witnessed a sharp sell-off.
Global markets also witnessed gains of 2–7 percent after US President Donald Trump said the conflict involving Iran may end soon.
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