Share Market Crash: Share market red for the third consecutive day, Rs 2.14 lakh crore wiped out from investors in a moment

Business Desk – Share Market Crash: On April 24, the stock markets witnessed a decline for the third consecutive day. The market continues to fall due to the ceasefire talks between America and Iran stalling and crude oil prices once again crossing $100 per barrel.

Continuous outflow of foreign capital and weakness in Asian and European markets have also weakened the morale of investors. On Friday, the Sensex opened in the red at 77,483.80. Upon opening, it fell by more than 554 points from its previous closing price, reaching a low of 77,110.22. Similarly, Nifty also opened lower at 24,100.55 and then fell further by 73 points and touched a low of 24,100.25.

In just these few moments, more than Rs 2.14 lakh crore was wiped out from investors’ wealth. On Thursday, April 23, at the time of market closing, the total market capitalization of Sensex listed companies was Rs 4,66,39,864.88 crore. Within moments of market opening on Friday, this figure came down to Rs 4,64,26,045.86 crore, which shows a decline of Rs 2,13,819.02 crore.

Market performance on Thursday

Last day on Thursday, Sensex fell 852.49 points (or 1.09%) and closed at 77,664. Nifty fell 205.05 points (or 0.84%) to close at 24,173.05. Meanwhile, the global oil benchmark, Brent crude, rose 1.89% to $103.8 per barrel. In Asian markets, South Korea’s KOSPI closed with gains, while Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng closed with losses.