InvestorQ : How much of wealth really got wiped out in the Sensex Crash?
Mitali Bhutta made post

How much of wealth really got wiped out in the Sensex Crash?

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Priyanka N answered.
2 months ago
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The last week of October may have started off with some signals of steep valuations. However, it ended up being a virtual sell-off in the markets with across the board selling and FMCG and consumer stocks bearing the brunt of the sell-off. The selling was relentless as is evident from the Rs.15,300 crore of FPI selling in just one week and nearly Rs.25,500 crore of selling during the entire month of October.

But more about the crash in the last week. Total market cap to the tune of Rs.615,000 crore was wiped out during the week in just the last 3 trading sessions between Wednesday and Friday with Thursday bearing the brunt of the sell-off on expiry day. As a result, the Nifty closed below 18,000 support levels while the Sensex closed below 60,000. The F&O expiry was the day when the sell off really heightened.

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