Sensex crashes 1,800 points, Rs 10 lakh crore wiped out in a day
Thursday, 3 October 2024
The sensex plummeted nearly 1,800 points due to escalating West Asia conflict, leading to a significant loss in investor wealth. Fears of expanding Iran-Israel tensions, low GST growth, and foreign investors' shift to China contributed to market decline. Rising crude oil prices and new Sebi regulations also impacted various stocks and sectoral indices.
The sensex plummeted nearly 1,800 points due to escalating West Asia conflict, leading to a significant loss in investor wealth. Fears of expanding Iran-Israel tensions, low GST growth, and foreign investors' shift to China contributed to market decline. Rising crude oil prices and new Sebi regulations also impacted various stocks and sectoral indices.
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