Stock Market Crashes: ₹17 Lakh Wiped Out in 6 Days; Nifty, Sensex Fall Sharply

Business
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News18•12-01-2026, 11:09
Stock Market Crashes: ₹17 Lakh Wiped Out in 6 Days; Nifty, Sensex Fall Sharply
- •Indian equity benchmarks Sensex and Nifty opened weak despite positive global market trends.
- •Sensex declined by 348 points (0.42%) to 83,228, while Nifty fell by 101 points (0.39%) to 25,582.
- •Major losers included L&T, RIL, Adani Ports, Infosys, and ICICI Bank; only HUL, ITC, and Axis Bank saw gains.
- •Market weakness attributed to India-specific factors, global geopolitical developments, and US-India trade deal confusion.
- •Concerns over Venezuela, Iran crisis, Donald Trump's threats, and US Supreme Court ruling on tariffs contribute to anxiety.
Why It Matters: Indian stock markets experienced a sharp decline due to domestic and international uncertainties.
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