Stock Market Plunges: Sensex Dips 1300 Points, Nifty Falls 400, ₹7.30 Lakh Cr Wiped Out

• Indian stock market witnessed a sharp decline after three days of gains, with Sensex dropping 1,236 points and Nifty falling 365 points.
• Total market capitalization of companies decreased by ₹7.30 lakh crore in this single-day fall.
• India VIX surged over 9%, indicating increased investor nervousness and market volatility.
• All sectoral indices closed in the red, with Nifty Realty under most pressure; Midcap and Bank Nifty also saw significant drops.
• Key reasons for the decline include profit booking, rising crude oil prices, technical resistance, high India VIX, and pressure on banking stocks.