Stock market crash today: What led to the steep fall in Sensex stocks?

Ronit Kawale
Ronit Kawale  - Senior Editor
2 Min Read

The Bombay Stock Exchange (BSE) Sensex experienced a significant decline on Wednesday, losing 795.5 points and settling at the 72,299 level. The crash, driven by selling pressure, occurred during the late trading hours, with notable losers including Power Grid Corporation, Maruti Suzuki, IndusInd Bank, Mahindra & Mahindra, and Reliance Industries.

While these companies faced losses, a few managed to trade positively. Jindal Worldwide, Rainbow Children’s Medicare, Ageis Logistics, Dreamfolks Service, and Hvaells India emerged as the top gainers.

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Despite the mixed performance, overall market sentiment led to Dalal Street investors losing approximately ₹6 lakh crore, resulting in the market capitalization of all BSE-listed stocks falling to ₹386 lakh crore.

The BSE Sensex closed the day at 72,304.88, falling by 790.34 points or 1.08%, with a day low of 72,222.29. The Nifty also slumped, settling at 21,951.15, down 247.20 points or 1.11%. The decline was attributed to selling in Reliance Industries and bank stocks, influenced by weak global market trends.

Among the Sensex firms, Power Grid, IndusInd Bank, Maruti, Wipro, Tata Steel, JSW Steel, Asian Paints, Mahindra & Mahindra, Reliance Industries, and UltraTech Cement were the biggest laggards. On the positive side, Hindustan Unilever, Infosys, Tata Consultancy Services, and Bharti Airtel gained.

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