Jharkhand man loses ‘huge amount of money’ in share markets, dies by suicide: Report

The man reportedly lost all his investments due to prevailing market volatility over the past few days.

Published on: Mar 11, 2025, 22:51:59 IST

By HT News Desk

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A 25-year-old man allegedly died by suicide in Jharkhand's Jamshedpur on Tuesday as he lost a huge amount of money in the stock markets.

Police said the deceased, Sanjeev Kumar, worked as an online tutor and continued investing in the capital markets. (Representative image) (Pixabay)

Police said the deceased worked as an online tutor. The man reportedly lost all his investments due to prevailing market volatility over the past few days, reported PTI.

On Tuesday morning, he did not come out of his room. His family members broke into the room after no response and found him battling for life. He was rushed to the MGM Hospital, but doctors declared him dead on arrival.

The family informed the police that he had invested a “huge amount of money” in the capital markets. A police official said that he was battling depression after share prices started falling a few days back.

A case has been registered, and an investigation has been launched to find the quantum of money invested and reportedly lost.

The deceased was a resident of Neem Road in the Sidhgora police station area. He was the youngest of three siblings, with an elder brother and a sister.

Indian markets on Tuesday

Global financial markets have been witnessing increased volatility as US President Donald Trump's trade tariffs on Canada, Mexico, and China have triggered economic uncertainty.

On Monday, the US stock markets had already witnessed heavy losses as the Nasdaq index plunged 4 per cent and the S&P 500 dropped more than 2.7 per cent due to a global sell-off.

On Tuesday, the Dow Jones Industrial Average fell by 356.78 points (0.85 per cent) to 41,554.93, while the S&P 500 declined marginally by 15.27 points.

Indian markets witnessed a highly volatile session on Tuesday as the low-buying trend continued. At the end of trading, the BSE Sensex stood at 74,102.32, down 12.85 points or 0.02 per cent, and the Nifty 50 at 22,497.90, up 37.60 points or 0.17 per cent.

(With PTI inputs)

Note: Discussing suicides can be triggering for some. However, suicides are preventable. Those in distress may contact Sanjivini, Society for Mental Health suicide prevention helpline: 011-40769002), Aasra (Mumbai) 022-27546669, Sneha (Chennai) 044-24640050, Sumaitri (Delhi) 011-23389090, Cooj (Goa) 0832- 2252525, Jeevan (Jamshedpur) 065-76453841, Pratheeksha (Kochi) 048-42448830, Maithri (Kochi) 0484-2540530, Roshni (Hyderabad) 040-66202000, Lifeline 033-64643267 (Kolkata)

ABOUT THE AUTHOR
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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