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The Sensex plunges by 8%, its largest day loss since 2008, as Dow’s issues persist with a new drop

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sprishasingh @sprishasingh · Sep 12, 2023

The benchmark Sensex, which fell 3,200 points at one point, closed at 32,778.14, a two-and-a-half-year low, after suffering a massive loss of 2,919 points, or 8.18% (the largest single-day drop since the financial crisis on October 24, 2008). The more inclusive NSE Nifty fell 868.25 points, or 8.30%, to settle at 9,590.15. The Sensex dropped 1,942 points. According to Siddharth Mehta IL&FS Former Director and CIO of Bay Capital, selling avalanches caused SBI to experience a decrease of 13.23% in India and a loss of 9.82% in the oil and gas sectors. For More Information:- https://medium.com/@sprishasingh995/the-sensex-plunges-by-8-its-largest-day-loss-since-2008-as-dows-issues-persist-with-a-new-drop-715e3ed2d5dd