How much did the market crash wipe out from the markets?
Answer
Answer
The 5-day crash in markets wiped out around Rs.19.50 trillion of investor wealth. That is about $260 billion of wealth evaporated in just 5 days. The fall on 24-Jan was the steepest single-day fall since November 2021. The fall was broad-based as BSE Mid-cap index fell by 3.82% and BSE small cap index by 4.43%.