D-St investors lose Rs 17 lakh crore in 6 days as Sensex slumps 2,700 pts, Nifty sinks 3%. What’s driving the selloff?
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Indian equities extended their slump on Monday, with the Sensex and Nifty deepening a selloff that has erased nearly Rs 17 lakh crore in market value in six days and left investors grappling with fresh uncertainty at home and abroad. The BSE Sensex dropped over 500 points, to the day's low of 83,043 in the early trade, while the NSE Nifty 50 slid over 140 points, slipping below the 25,550 mark. From a closing high of 85,762.01 on Jan 2, the Sensex has shed more than 2,718 points, touching an intraday low of 83,043.45 on Monday. The Nifty has declined about 3% over the same period, hitting a low of 25,529.05. The declines come on the heels of the market’s worst weekly performance in more than three months, reflecting investor unease after an anticipated U.S. Supreme Court ruling on President Donald Trump’s tariffs failed to materialise, prolonging a policy overhang. The market capitalisation of all listed BSE companies has fallen by Rs...