Stock market loses ₹12 lakh cr as Sensex drops 1500 points
pre-market1 source ↓written by the desknot a recommendation
- to close below
- 436 points
- to close below
- 23,400
- fell
- 1456 points
- in investor wealth
- ₹12 lakh crore
- $105 per barrel
The Indian stock market faced a significant downturn on 12 May, with Nifty plunging 436 points to close below 23,400. The BSE Sensex fell nearly 1456 points, wiping out approximately ₹12 lakh crore in investor wealth amid geopolitical tensions and rising crude oil prices, now around $105 per barrel. This selloff reflects growing investor caution as the Rupee hits record lows, raising concerns about market stability.
Not investment advice. For informational purposes only.