GUWAHATI: Indian stock market benchmarks, the Sensex and the Nifty 50, both plunged by 3 per cent during intraday trading on Monday, August 5.
ALSO READ: More Than 100 Dead In Fresh Clashes Over Job Quota In Bangladesh
This drop reflected global trends, as fears of a US recession and rising tensions in the Middle East unsettled investors.
The Sensex experienced a significant selloff, opening at 78,588.19 compared to its previous close of 80,981.95, and quickly falling 3 per cent to 78,580.46. Similarly, the Nifty 50 opened at 24,302.85, down from its previous close of 24,717.70, and dropped over 3 per cent to 23,948.70.
By around 11:15 am, the BSE Sensex had decreased by 2.72 per cent to 78,781, while the Nifty 50 was down by 2.7 per cent to 24,050. The BSE Midcap and Smallcap indices also fell sharply, each losing nearly 4 per cent.
The total market capitalisation of companies listed on the BSE plummeted from nearly ₹457 lakh crore in the previous session to approximately ₹442 lakh crore, resulting in a loss of nearly ₹15 lakh crore for investors in a single session.