India's Stock Market Mayhem Makes Investors Lose Over Rs 13 Lakh Crore In 4 Days

A four-day decline in stocks and ongoing bloodbath in the stock market has wiped out over ?13.32 lakh crore from the market capitalization of BSE-listed firms, as per PTI.

Sliding for the fourth straight session, the BSE Sensex shed 276.46 points or 0.51% to close at 54,088.39 on Wednesday. A day before that, Foreign institutional investors (FII) offloaded shares worth a net ?3,960.59 crore on Tuesday, according to stock exchange data. In four days, the benchmark has lost 1,613.84 points or 2.89%.

The market capitalization of BSE-listed firms tanked ?13,32,898.99 crore in four sessions to stand at ?2,46,31,990.38 crore. Larsen & Toubro (L&T), Bajaj Finserv, Bajaj Finance, PowerGrid, NTPC, Infosys, and Maruti were among the prominent Sensex stocks that got hit and bled deeply yesterday.

In contrast, Axis Bank, IndusInd Bank, HDFC, Kotak Mahindra Bank, HDFC Bank, and Bharti Airtel were among the gainers.

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Nifty50 too, has bled in the past four stock market working days, slipping from 16,438 on Friday morning to 16,200 yesterday, and sliding further to around the 15,800 mark today morning.

This is not the first time the stock market is bleeding this year. When the Russian invasion of Ukraine began in February 2022, the stock market bled for about two weeks and gave investors the jitters.

Nifty50 had fallen to nearly 15,800 by March first week, whereas Sensex had slipped to nearly 52,800 mark. Today, BSE Sensex was trading around the 53,100 mark in the morning, slipping from the 54,900 mark of Friday morning.

Now it remains to be seen whether the market continues to bleed or bounces back to recover in the coming days.

Meanwhile, if you are a stock market investor, make sure to buy the dip and avoid committing these three mistakes amid market bloodbath-panic selling, stopping ongoing SIPs and compromising on your liquidity when buying the dip.

Also, it's noteworthy that not only the stock market, but even the crypto market has been bleeding heavily, having wiped out around $800 billion in value in the past month. Whereas the stock market has lost over ?28 lakh crore in the last one month.

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