Tata Motors Shares Nosedive, Rs 21,881 Crore Wiped Out

Shares of Tata Motors plunged nearly 6% on Wednesday, erasing Rs 21,881 crore from its market valuation and significantly impacting the benchmark indices. The stock experienced a steady decline over the past nine days, cumulatively dropping 12.82%. The 30-share BSE Sensex and NSE Nifty also closed lower amid volatile trading.

Shares of Tata Motors tumbled nearly 6% on Wednesday, erasing Rs 21,881 crore from its market valuation and dragging down the benchmark indices.

The stock declined 5.74% to settle at Rs 976 on the BSE, with an intraday low of Rs 972. At the NSE, shares fell 5.73% to Rs 976.40.

Over the past nine days, Tata Motors shares have experienced a cumulative loss of 12.82%. The broader market also felt the impact, with the 30-share BSE Sensex dropping 398.13 points to settle at 81,523.16 and the NSE Nifty declining 122.65 points to 24,918.45.

(With inputs from agencies.)