Share Market: Trillions Lost in Hours, Panic Grips Market as Nifty Plummets
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Market Meltdown: 9 Trillion Lost in Hours as Nifty Plunges 3.29%
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News18•19-03-2026, 15:44
Market Meltdown: 9 Trillion Lost in Hours as Nifty Plunges 3.29%
•Indian stock market witnessed a massive crash on Thursday, with Sensex and Nifty falling over 3% each, wiping out 9 trillion rupees.
•Key factors include a sharp rise in crude oil prices to $119 per barrel, negative global market conditions, and continuous selling by Foreign Institutional Investors (FIIs).
•India VIX, the market's 'fear gauge', surged by 24% to 23.13, indicating increased volatility.
•HDFC Bank shares plummeted 9% after the part-time chairman's resignation, contributing to the Bank Nifty's 3% fall.
•US Fed's hawkish stance and increased inflation forecast also dampened market sentiment, limiting scope for interest rate cuts.
