Over three days, the BSE Sensex plummeted nearly 4%, causing investors’ wealth to shrink by ₹22 lakh crore. The index hit a high of 82,129.49 on August 1 but dropped 3,274.48 points by August 4. This decline was driven by negative sentiment in global markets, including sharp falls in Japanese and European equities, weak US economic data, and rising geopolitical tensions.
5 Major Key Points:
Sensex Drop: The BSE Sensex fell by 3,274.48 points (3.99%) in three days, from an all-time high of 82,129.49 on August 1 to 78,593.07 on August 4.
Market Capitalisation Loss: The market capitalisation of BSE-listed firms decreased by ₹22 lakh crore, reaching ₹4,39,59,953.56 crore (USD 5.24 trillion).
Global Impact: Declines in global markets, including Japanese and European equities, contributed to the fall. Weak US jobs data also heightened recession fears.
Sectoral Impact: Major sectors like telecommunications, financial services, and consumer durables saw declines, while IT, realty, FMCG, and services sectors showed gains.
Volatility and Recovery: Despite initial recovery efforts, including a brief surge in early trading, the markets closed lower due to profit-taking and ongoing negative sentiment.
