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The Economic Times
The Economic Times
Debaroti Adhikary

Why stock market crashed today? Sensex sinks 1,100 points, Nifty below 23,550. 4 key factors

Iran United States Stock Market

Indian stock market sharply crashed on Friday afternoon, with the Sensex and Nifty sinking up to 1.5% each as persistent FII selling and other factors weighed on Dalal Street.

Sensex dropped over 1,092 points to close at 74,775.74 while Nifty 50 crashed nearly more than 359 points to end the session at 23,547.75. This came as India VIX, which measures volatility in markets, jumped around 9% to 16.35. The sharp losses wiped off nearly Rs 5 lakh crore from the total market capitalisation of all companies listed on BSE, pulling it down to Rs 466 lakh crore.

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