Sensex Plunges 1,000 Points, Rs 9 Lakh Crore Lost Amidst Foreign Investor Sell-off

NDTV · stocks

The Indian stock market experienced a significant downturn, with the Sensex crashing by 1,000 points and wiping out approximately Rs 9 lakh crore in investor wealth. This sharp decline was primarily driven by foreign institutional investors (FIIs) selling Indian equities in large volumes. On September 30 alone, FIIs divested over Rs 10,000 crore worth of Indian stocks. A major factor contributing to this sell-off is the rising trend in US bond yields, prompting investors to seek safer havens.