Sensex loses 1,442 points, erasing ₹4.2 lakh crore in wealth
after close1 source ↓written by the desknot a recommendation
- gain
- 1,442-point
- in investor wealth
- ₹4.2 lakh crore
- per barrel
- $107
- Treasury yields breaching
- 5%
The BSE Sensex erased a 1,442-point gain, closing down after a mid-session sell-off, resulting in a loss of ₹4.2 lakh crore in investor wealth. The decline was driven by a surge in crude oil prices above $107 per barrel and rising US Treasury yields breaching 5%, prompting aggressive selling by Foreign Institutional Investors (FIIs).
This sharp downturn highlights the vulnerability of the market to global economic pressures, impacting both frontline blue chips and broader indices.
Not investment advice. For informational purposes only.