World · India Bureau
Indian markets suffer sharp selloff; investor losses exceed 3 lakh crore
Indian equity markets faced significant losses on Thursday as benchmark indices declined by approximately one per cent. Investor wealth erosion was particularly severe in small and mid-cap segments, resulting in cumulative losses exceeding 3 lakh crore rupees.
LSN India ·
India's stock markets extended their downward trajectory on Thursday, with both the Sensex and Nifty indices falling nearly one per cent during the session. The broad-based correction reflected sustained selling pressure across multiple segments of the market.
Small-cap and mid-cap stocks bore the brunt of the selloff, experiencing sharper declines compared to the headline indices. This segment-specific weakness contributed significantly to the overall market capitalization loss, as retail and institutional investors trimmed positions across the secondary tier of listed companies.
The market downturn wiped out more than 3 lakh crore rupees in investor wealth, marking the continuation of recent volatility in Indian equities. Market participants attributed the weakness to a combination of global headwinds and domestic concerns, though specific catalysts for the day's decline remained multifaceted.
The sharp correction in small and mid-cap stocks raised concerns among investors who have favored these segments for growth potential. Analysts noted that the disproportionate impact on these indices suggested a flight to quality, with investors seeking relative safety in large-cap stocks during periods of heightened uncertainty.