Sensex, Nifty 50 crash: The Indian stock market suffered a strong across-the-board sell-off in intraday trading on Monday, 19 October, with the benchmark indices, the Sensex and the Nifty 50, dropping more than 1% each amid weak global cues.
The Sensex declined over 1,000 points, or 1.4%, to an intraday low of 73,709, while the Nifty 50 dropped over 300 points, or 1.3%, to the day's low of 22,845. The BSE 150 Midcap index declined by 0.80%, while the BSE 250 Smallcap index dropped 1%.
Investors lost ₹4 lakh crore in a single session as the overall market capitalisation of BSE-listed firms dropped to ₹469 lakh crore from ₹472.6 lakh crore in the previous session.
Experts highlight the following three factors behind the fall in the Indian stock market:
Brent crude prices are near $108 per barrel despite some correction in Monday's sessions, weighing on market sentiment.