A wave of sharp selling engulfed the Indian stock market on Tuesday, August 26, dragging the benchmarks and second-rung midcap and smallcap indices down by over a per cent each, while eroding investors’ wealth by about ₹6 lakh crore in a single day.
The Sensex closed at 80,786.54, falling 849 points, or 1.04 per cent, while the Nifty 50 ended with a loss of 256 points, or 1.02 per cent, at 24,712.05. The BSE Midcap and Smallcap indices plunged 1.34 per cent and 1.68 per cent, respectively.
Investors lost about ₹6 lakh crore in a single session as the overall market capitalisation of BSE-listed firms dropped to nearly ₹449 lakh crore from ₹455 lakh crore on Monday.
(This is a developing story. Please check back for fresh updates.)
