Sensex tanks over 850 points, Rs 8.5 lakh crore wiped out: Top reasons behind market rout
Stock market crash today: At around 12:02 PM, Nifty50 was trading at 22,357.85, down 245 points or 1.08%. BSE Sensex was at 71,947.85, down 691 points or 0.95%. Sustained selling in large-caps by the FIIs have contributed significantly to this trend. With the US 10-year bond yield hovering above 5.3%, FIIs will continue to sell on every rally.
Key Takeaways
- Stock market crash today: At around 12:02 PM, Nifty50 was trading at 22,357.85, down 245 points or 1.08%.
- BSE Sensex was at 71,947.85, down 691 points or 0.95%.
- Sustained selling in large-caps by the FIIs have contributed significantly to this trend.
Stock market crash today: At around 12:02 PM, Nifty50 was trading at 22,357.85, down 245 points or 1.08%. BSE Sensex was at 71,947.85, down 691 points or 0.95%. Sustained selling in large-caps by the FIIs have contributed significantly to this trend. With the US 10-year bond yield hovering above 5.3%, FIIs will continue to sell on every rally.
Original Publisher Attribution
This summary was curated from Times of India.