Sensex and Nifty Crash Amid Global Market Woes

Benchmark indices Sensex and Nifty plummeted over 3 per cent each, reflecting weak global market trends and US economic slowdown fears. Japan's Nikkei dropped more than 12 per cent, while investors' wealth reduced by Rs 17.11 lakh crore. Key stocks like Tata Motors and Adani Ports suffered significant losses.

Equity market benchmarks Sensex and Nifty crashed over 3 per cent on Monday, mirroring extremely weak trends in global markets sparked by fears of a slowdown in the US economy.

Japan's Nikkei dropped more than 12 per cent, significantly impacting market sentiment. The 30-share BSE Sensex plummeted 2,686.09 points, or 3.31 per cent, to 78,295.86 while the NSE Nifty tumbled 824 points, or 3.33 per cent, to 23,893.70.

Investors' wealth eroded by Rs 17.11 lakh crore during the afternoon trade, bringing the total to Rs 4,40,04,979.86 crore. Key stocks like Tata Motors and Adani Ports saw significant losses, reflecting broader market anxieties over US economic health and geopolitical tensions in the Middle East.