Sensex Market Plunge: Over ₹13 Lakh Crore Lost in Single Day

In a surprising turn, the overall value of BSE-listed companies dropped to ₹372.1 lakh crore from ₹385.6 lakh crore in the previous session. This caused investors to collectively lose around ₹13.5 lakh crore in just one day.

Despite starting with some positive signs influenced by global trends, both the Nifty 50 and the Sensex, which are key indicators of India's stock market health, saw a significant drop of over 1% during today's trading.

Experts believe this decline was mainly due to smaller companies' values dropping by 4 to 5%. This volatility comes after SEBI's recent measures to control speculation, causing unease among investors.

Rupak De, a Senior Technical Analyst, warned investors to be cautious and selective when trading during these uncertain times. Although there may be opportunities to buy stocks at lower prices, it's essential to choose wisely.

The BSE Sensex ended the day with a loss of 906.07 points, while the Nifty 50 dropped by 338 points. Arvinder Singh Nanda, a senior vice president at Master Capital Services Ltd, highlighted concerns about smaller companies being overvalued, leading to market instability.