Stock market crash today: Why is Sensex falling so much today?

Sensex crash today: On Wednesday afternoon, the 30-share Bombay Stock Exchange (BSE) Sensex witnessed a major fall, as it succumbed to selling pressure, and lost 795.5 points to plummet to 72,299, the day’s low.

According to a Times Now report, at around 2 pm, in the late trading hours of the day, the loser pack that weighed heavily on the benchmark Sensex index was led by Power Grid Corporation (shares down 3.38%), Maruti Suzuki (2.67%), IndusInd Bank (2%), Mahindra & Mahindra (1.8%) and Reliance Industries (1.7%).

Hindustan Times – your fastest source for breaking news! Read now.

However, despite the development, a few companies managed to trade in green. Among these, Jindal Worldwide’s stock emerged as the top gainer, with its share price climbing by an impressive 13.56%, followed by Rainbow Children’s Medicare (7.95%), Ageis Logistics (6.52%), Dreamfolks Service (5.49%) and Hvaells India (4.47%).

Overall, Dalal Street investors lost about ₹6 lakh crore as the market capitalisation of all BSE-listed stocks fell to ₹386 lakh crore, said The Economic Times.

• ABOUT THE AUTHOR

  

  Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’ve got you covered.