Stock market crash: Investors lose ₹5.5 lakh crore as Sensex, Nifty fall today

Stock market crash: PowerGrid, JSW Steel, Tata Steel, NTPC, IndusInd Bank, HCL Tech, Tata Motors, M&M, ICICI Bank, Titan and Axis Bank led the losses on Sensex.

Updated on: May 7, 2024, 15:09:16 IST

By HT News Desk

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Stock market crash today: Sensex fell almost 600 points to 73,294 as it witnessed sell offs. Nifty also slipped 200 points to 22,242 as weak investor sentiment was seen on Dalal Street. Compared to the previous session, investors lost ₹5.49 lakh crore as investor wealth stood at ₹397.90 lakh crore compared with a valuation of ₹403.39 lakh crore earlier.

Stock market crash today: A man walks past the bull statue at BSE building in Mumbai. (PTI)

Which stocks lost the most today?

Which sectors were the top losers today?

Auto, metal, capital goods and consumer durables shares led the losses. BSE auto, metal, capital goods and consumer durables shares indices tanked between 400 to 800 points today.

Midcap, smallcap indices tumble today as well

BSE midcap index tanked 700 points to 41,320 and small cap stocks index slipped 732 points to 45961 level.

Read more: Lok Sabha Elections 2024: Gautam Adani casts vote with family. Watch video

Foreign institutional investors sold ₹2168 crore worth of equities on a net basis while domestic investors bought ₹781.39 crore of shares today.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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