04 Oct , 2024 By : Debdeep Gupta
Sensex and Nifty 50 dived in trade on October 3, extending losses for the fourth consecutive session to settle over two percent lower. Amid rising geopolitical tensions following the escalation in the Middle East, investors rushed to sell off their holdings. The bullishness in China and rising crude prices weighed on the market sentiment as well.
At close, the Sensex was down 1,769.2 points or 2.1 percent at 82,497.10, and the Nifty 50 was down 529.90 points or 2.05 percent at 25,267.00.
“Stock market crash” became the top trend on X as memes and reactions from investors and users flooded the social media website.
Here are some of the best memes and reactions today on the market:
All 16 sectoral indices closed in the red, with Nifty Realty emerging as the biggest laggard in the pack falling over 4 percent, followed by Nifty Auto, and Bank Nifty, and others.
In today's fall, investors' wealth eroded by around Rs 9.6 lakh crore, as the market capitalisation of BSE-listed companies slipped to Rs 465.25 lakh crore, from Rs 474.86 lakh crore in the previous session.
The biggest Nifty losers were BPCL, L&T, Tata Motors, Shriram Finance, and Axis Bank are among, while gainers were JSW Steel, and ONGC.
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