Market Closing: Sensex Crashes 1,546 Pts, Nifty Ends Below 17,150
Market Closing: Sensex Crashes 1,546 Pts, Nifty Ends Below 17,150
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The Indian equity benchmarks fell for the fifth consecutive session on Monday, amidst an all-out sell-off. The benchmark 30-share BSE Sensex fell 1,546 points, or 2.62 percent, to 57,492, while the broader NSE Nifty fell 468 points, or 2.66 percent, to 17,149.

Investors lost approximately Rs. 20 lakh crore in a five-day sharp decline on Dalal Street, with the market capitalisation (m-cap) of BSE-listed companies falling to 260 lakh crore from Rs. 280 lakh crore on January 17. Shares in mid- and small-cap companies finished lower, with the Nifty Midcap 100 index down 3.86 percent and the Nifty Smallcap 100 index down 4.78 percent, respectively. In comparison, the NSE's India VIX, or Volatility Index, increased by up to 20.84 percent.

On a stock-by-stock basis, JSW Steel was the top Nifty loser, falling 6.92 per cent to Rs. 620.15. Among the other laggards were Bajaj Finance, Tata Steel, Grasim Industries, and Hindalco.

Moreover, Zomato, Paytm, and Nykaa shares fell 20%, 4.68%, and 12.55 %, respectively, to their lowest levels since their initial public offerings.

The overall market breadth remained thin, with 518 shares rising and 3,068 falling on the BSE.

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