Shock Of The Day - Rs 8 Lakh Crore Lost in Minutes!

In what could be considered an extremely shocking incident, the Indian stock market has crashed massively since the start of the day today. The extreme volatility in the global markets after US president, Trump said they would be blockading the Hormuz and control the oil trade has started to show negative effects.

This phenomena has now started to have an extreme effect on the Indian stock market as reports are suggesting that ₹8 lakh crore was wiped away from the market today. Immediately after the market opened this morning, the extreme crash in all sectors has resulted in a massive loss.

IT stocks plunged as the Indian stock market saw a sharp sell-off, with the Nifty IT index dropping over 2 percent. HCL Technologies, TCS, Persistent Systems, Infosys, and Wipro were top losers, each falling more than 1 percent

With the benchmark indices Sensex opening at 75,937.16, and the Nifty at 23,589.60 on Monday, April 13, a massive market crash opened the trading session today. The effects of the crash were so severe that as much as Rs 8 lakh crore was lost in market valuation today.

There are many global concerns about the kind of effects that the ongoing conflict between Iran and the United States can have. A large portion of this attributes to the oil prices, which have already been hitting new highs.

Whatever might be the reason it is shocking to see the Indian stock market face such a situation since the start of the day today. This is going to be extremely challenging for the investors as a navigating the tough times in the market is going to be a challenging in itself.