Biggest Crash in 15 Years: $533 Billion Lost!
Today, the Sensex is trading at 75,174 points, recording a loss of 878 points, while the Nifty is trading at 23,339 points, down by 299 points. Furthermore, the Indian market capitalization—which stood at ₹489 lakh crore at the beginning of this year—has plummeted to ₹440 lakh crore. While the market witnessed a loss of $625 billion in 2011, a decline of similar magnitude has been recorded within just three months this year. This loss exceeds the market capitalization (M-cap) of countries such as Mexico, Malaysia, Norway, Qatar, and Vietnam. FII selling, trade tensions, and wars are the reasons behind this.
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