BusinessSensex and Nifty Fall Sharply, ₹7 Lakh Crore Wealth Lost
On October 8, the Indian stock market saw a significant decline with the Nifty dropping 1.11% and the Sensex falling nearly 700 points. Key reasons for the crash include rising repo rates, foreign investor selling, and inflation worries. This led to a market capitalization loss exceeding ₹7 lakh crore, marking a severe setback for investors.
Mint Markets·