India's stock market goes crashing, eroded Rs 3 lakh crore
Shares
MUMBAI - India's BSE benchmark index plummeted over 1,000 points during the morning trade Thursday, investor wealth got eroded by over Rs 3 lakh crore.
The BSE benchmark Sensex Thursday crashed over 1,000 points to slip below the key 34,000-mark in early trade, tracking a global sell-off.
Led by the sharp carnage in equities, the market capitalisation of BSE-listed companies slumped Rs 3,05,625.87 crore to Rs 1,35,59,695.82 crore in late morning trade.
The 30-share BSE link barometer, which had gained 461.42 points Wednesday, crashed 1,037.36 points to hit a low of 33,723.53.
"Indian stock markets have fallen sharply Thursday. This is a continuation of the sharp fall we have witnessed in the stock prices over the last couple of weeks (except for one or two days of exception).
