The benchmark equity indices — BSE Sensex and NSE Nifty — faced a massive selloff in trade on Friday, September 26, taking their fall to the sixth consecutive session as fresh Trump tariffs on pharma and relentless selling by foreign portfolio investors (FPIs) hurt investor sentiment.
Sensex crashed 800 points, or 0.98% to hit a low of 80,360 in the afternoon trade. Meanwhile, its NSE counterpart Nifty 50 tanked 252 points, or 1.01% to a low of 24,638.40.
Amid the bloodbath on Dalal Street, the market capitalisation of listed companies declined to 450.61 lakh crore, resulting in investor wealth erosion of ₹6.73 lakh crore.
5 reasons behind Indian stock market crash
What is behind the fall in the Indian stock market today? Here are the top factors:
