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Market move▼ Strongly bearish for Maruti Suzuki
Stock Market Crash: Five major reasons behind the ₹20 lakh crore wipe out this week
The brief
- The report cites a ₹20 lakh crore market-value wipeout this week
- 12 Nifty 50 stocks are at 52-week lows, including Maruti Suzuki, M&M and ITC
- Broad market losses and lows in major constituents weigh on Indian equity portfolios
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Indian stocks fall sharply
The Sensex fell as much as 1,012.84 points, or 1.39%, to 71,467.45, while the Nifty 50 dropped as much as 346.8 points, or 1.53%, below 22,300. A report put this week’s market-value wipeout at ₹20 lakh crore.
Thursday, 1 October
- Stock Market Crash: Five major reasons behind the ₹20 lakh crore wipe out this week