Market Plunge: Equity Investors Lose Rs 4.52 Lakh Crore Amid HDFC Bank Sell-Off

Equity investors saw a significant loss of Rs 4.52 lakh crore as markets plunged, driven by intense selling in HDFC Bank and foreign fund outflows. The BSE Sensex tumbled, with most sectors in red. HDFC Bank and other major stocks contributed to the decline while some stocks like Titan and Reliance gained.

The equity market witnessed a severe drop, with investors losing a whopping Rs 4.52 lakh crore due to aggressive selling, particularly in HDFC Bank, and fresh outflows by foreign funds.

For the second consecutive day, the 30-share BSE Sensex plummeted by 692.89 points or 0.87 percent, ending at 78,956.03. Intra-day, the index dipped further to 78,889.38 points.

Market capitalisation of BSE-listed firms took a hit, falling by Rs 4,52,565.44 crore to Rs 4,45,30,265.42 crore (USD 5.30 trillion).

(With inputs from agencies.)