Investors face a jolt as the stock market experiences a significant downturn. In just one month, investors have lost a staggering ₹40 lakh crore.
Recent data reveals that the stock market is struggling, with gains from the past year evaporating in a matter of weeks. Retail investors report that this decline marks the first significant drop since the COVID-19 pandemic.
As of September 27, the BSE market cap stood at approximately ₹477 lakh crore but plummeted to ₹437 lakh crore by October 25. Long-term investors are now seeing negative returns in their portfolios.
Mid-cap and small-cap stocks have dropped by as much as 50% in recent weeks. The Sensex has fallen about 6,500 points from its all-time high, while the Nifty has declined by 2,100 points. In a panic, investors are exiting the market, selling shares at a loss.