Stock market crash: Terrible Thursday for Sensex, Nifty as over ₹7 lakh cr investors' wealth eroded - what went wrong?

What happened: Indian equities fell on October 8, with Nifty down 1.11% and Sensex down nearly 700 points intraday, erasing over ₹7 lakh crore in BSE-listed market capitalisation. Key numbers: Nifty 50 down 1.08% at 22,359 points at 12:16 pm; Sensex down 755 points at 71,883; repo rate raised 25 basis points; 10-year US Treasury yield around Why it matters: The RBI's hawkish stance, rising crude prices, and continued foreign selling drove investors to turn defensive. Analysts expect volatility to stay high, with the market's course depending on quarterly results, crude prices, and the RBI.

Indian equities fell on October 8, with Nifty down 1.11% and Sensex down nearly 700 points intraday, erasing over ₹7 lakh crore in BSE-listed market capitalisation.

The RBI's hawkish stance, rising crude prices, and continued foreign selling drove investors to turn defensive. Analysts expect volatility to stay high, with the market's course depending on quarterly results, crude prices, and the RBI.