MUMBAI: The Indian equities markets key indices Sensex and Nifty crashed by around 2.6% on Monday (January 24) wiping out nearly Rs 10 lakh crore of investors' wealth.
The benchmark Sensex closed 2.62 per cent or 1545.67 points down at 57,491.51 in a chaotic session on Monday. The Sensex dipped to a low of 56,984.01 points in the intra-day, which is 2,053.17 points down from its previous session's close at 59,037.18 points. This was the biggest intra-day slump since April 2021.
The broader Nifty 50 of the National Stock Exchange tumbled 468.05 points or 2.66 per cent to 17,149.10 points. Key indices of the Indian stock markets have closed in the red for the fifth consecutive session. However, the Monday's selloff was the worst.
Extending last week's loss the 30 stock S&P BSE Sensex of the Bombay Stock Exchange opened the Monday's trading marginally down at 59,023.97 points against its previous session's close at 59,037.18 points. However, the selling pressure intensified as the day progressed. The index tanked more than 2000 points by end of the trading session.