The Sensex and the Nifty 50 suffered strong losses for the third consecutive session on 24 April. (An AI-generated image)AI Quick ReadThe Indian stock market continued witnessing a strong selloff for the third consecutive session on Friday, 24 April, with the benchmarks- the Sensex and the Nifty 50- crashing by 1% each during the session.
The 30-share pack crashed more than 800 points, or 1%, to an intraday low of 76,829, while the Nifty 50 plunged by 1% to the day's low of 23,944.
Investors lost more than ₹4 lakh crore as the overall market capitalisation (m-cap) of BSE-listed firms dropped to ₹462 lakh crore during the session from ₹466 lakh crore in the previous session.
In just three consecutive sessions, the Sensex has plunged more than 2,400 points, or 3%, while the NSE barometer Nifty 50 has crashed 2.6%. Investors have become poorer by ₹7 lakh crore in three days, as the cumulative m-cap of BSE-listed firms stood at ₹469 lakh crore on 21 April.
(This is a developing story. Please check back for fresh updates.)
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