Stock market crash wipes out ₹12 lakh crore in wealth
after close1 source ↓written by the desknot a recommendation
- to close below
- 436 points
- to close below
- 23,400
- plunging
- 1,456 points
- in market capitalization
- ₹12 lakh crore
The Indian stock market faced a significant downturn on 12 May, with Nifty losing 436 points to close below 23,400 and BSE Sensex plunging nearly 1,456 points. This selloff wiped out approximately ₹12 lakh crore in market capitalization, driven by geopolitical tensions, high crude oil prices, and a weakening rupee. Traders remain cautious amid this volatility.
Not investment advice. For informational purposes only.