Sensex crashes over 1,000 points, investors lose Rs 4 lakh crore in five minutes

The BSE benchmark Sensex crashed over 1,000 points (2.95 per cent) to hit 33,730.49 and Nifty plunged below 10,200 in the opening trade Thursday on the global rout.

The sharp plunge in the stock market eroded nearly Rs 4 lakh crore worth investor wealth in a span of just five minutes. All sectoral indices led by realty, IT, metal and banking, were showing in red with the fall up to 3.66 per cent.

Top Losers: SBI, Tata Steel, Infosys, Axis Bank, Bharti Airtel, Yes Bank, Maruti Suzuki, HUL, TCS, HDFC, ICICI Bank, Adani Ports, Wipro, Tata Motors, ITC, Coal India, Bajaj Auto, L&T, Sun Pharma IndusInd Bank and M&M were among the top losers, dropping up to 3.99 per cent.

Earlier on Wednesday, the 30-share index rose over 461.42 points to close at 34,760.89. The Nifty maintained the opening gains to close at 10,460.10 - a sharp 159.05 points surge.

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Meanwhile, the Rupee today also hit a record lifetime low of 74.45 against the US dollar at the Interbank Foreign Exchange (forex) market amid sharp losses in the domestic equity market.

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