The perfect storm?๐Ÿ˜จ

The Indian stock market indices, BSE Sensex and Nifty 50, experienced a massive drop on Monday (5 August, 2024) morning following global cues.

By 1:42 PM, the BSE Sensex was trading at 78,918.72, down by 2110.99 points (2.58%), and Nifty 50 was at 24,083.35, down by 634.35 points (2.57%).

In the opening trade, Sensex fell over 2,600 points, and Nifty slipped below the 24,300 mark.

This decline caused the market capitalization of all listed companies on the BSE to decrease by approx. Rs 17 lakh crore.

At the time of writing, the biggest losers on BSE Sensex were Tata Motors, M&M, Tata Steel, Tech Mahindra, Maruti Suzuki, Power Grid, and JSW Steel. Meanwhile, HUL, Nestle India, Sun Pharma, Asian Paints, and ITC are the top gainers.

But, why Sensex and Nifty crash yesterday? ๐Ÿ˜ฉ Tap on 'Learn More' to know more ๐Ÿค”

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