Stock market loses ₹12 lakh cr as Sensex drops 1500 points
after close1 source ↓written by the desknot a recommendation
- to close below
- 436 points
- to close below
- 23,400
- plunging
- 1456 points
- in investor wealth
- ₹12 lakh crore
- are hovering
- $105 per barrel
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 1456 points. This selloff wiped out approximately ₹12 lakh crore in investor wealth amid geopolitical tensions and rising crude oil prices, which are hovering around $105 per barrel.
The crash was exacerbated by the Indian Rupee hitting fresh record lows, reflecting heightened market caution. Traders should brace for continued volatility as geopolitical uncertainties persist.
Not investment advice. For informational purposes only.