Taking Stock: Rs 3 lakh crore in m-cap gone as Sensex drops 1,000 pts

Episode 2966,   Oct 15, 2020, 12:11 PM

Indian market snapped a ten-day winning streak on Thursday as bears took control of D-Street and pushed Sensex and Nifty50 below crucial support levels, and wiped out more than Rs 3 lakh crore worth of market capitalisation on the BSE in just one session. 
 
The S&P BSE Sensex plunged more than 1000 point and has erased nearly 40 percent of gains seen in the previous ten sessions. The Nifty50 closed below its crucial support placed at 11700.