Zee Media Bureau
New Delhi: Indian stock markets slumped nearly 6 percent on Monday, posting their biggest daily falls since January 2009 as steep falls in Chinese equities sparked widespread unrest in global markets.
The 30-share index BSE Sensex plunged 1,624.51 points, its biggest ever fall, to end at 25,741.56. Nifty, on the other hand, tanked 490.95 points to close at 7,809.
The overall investors’ wealth, measured in terms of total valuation of all listed stocks, also plunged nearly by Rs. 7 lakh crore.
The Chinese stock market was down a massive 8.5 percent. Other key Asian bourses in Japan, Hong Kong, South Korea and Singapore had slumped between 2.4 percent and 5 percent.
European markets in the UK, Germany and France had been beaten down by between 2.4 percent and 3 percent respectively.
Attributing the stock market crash to global turbulence, Finance Minister Arun Jaitley earlier during the day said the government and RBI were watching the situation and hoped that things will stabilise once the transient impact is over.
The market witnessed all-round heavy selling across realty, power, oil&gas, bankex, auto, metal, capital goods and IT sectors.
