The Sensex and Nifty 50 fell over 1% each on Monday, 19 October, as markets saw a sharp sell-off. Investors lost ₹4 lakh crore in wealth as the total market value dropped to ₹468 lakh crore. Weak global cues triggered this crash, causing many stocks to trade lower throughout the day.
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 almost 1,000 points, or 1.3%, to an intraday low of 73,771, while the Nifty 50 dropped nearly 300 points, or 1.2%, to the day's low of 22,861. The BSE 150 Midcap index declined by 0.75%, while the BSE 250 Smallcap index dropped 1%.
Investors lost more than ₹4 lakh crore in a single session as the overall market capitalisation of BSE-listed firms dropped to ₹468 lakh crore from ₹472 lakh crore in the previous session.