Sensex Plunges 1000 Points, Investors Lose Rs 4 Lakh Crore in Just 5 Minutes of Trade

Team Latestly
Negative global cues amid fears of a potential US government shutdown and rising tension between the US and China, too, weighed on investor sentiment here.

Mumbai, October 11: The Sensex today opened in the red, and it is currently trading at 33,935, down 825 points, (2.4 percent). The BSE benchmark index had slipped 1000 points and it has marginally recovered.  According to an Economic Times report, the morning trade has already wiped off Rs 4 lakh crore of investor wealth in just five minutes. The fall in the domestic bourses is on account of the weak Asian markets, that are down 5 percent. The NSE Nifty Index is down 250 points (2.5 percent) and is currently at 10,207. Rupee Hits New Low of 74.47 Against US Dollar, Sensex Plunges 900 Points.

Also Read | Rupee Hits New Low of 74.47 Against US Dollar, Sensex Plunges 900 Points

The Indian rupee has hit a new low of 74.47 as compared to the US dollar. Petrol and diesel prices continue to rise causing immense trouble to the common man.

Petrol in Mumbai has increased by Rs 0.9 to Rs 87.82 and diesel is at Rs 78.22 per litre (increase by 0.29). In Delhi on the other hand, petrol is at Rs 82.36 per litre (increase by Rs 0.10) and diesel is being sold at Rs 74.62 (increase by Rs 0.27) respectively.

Also Read | Fuel Rates Continue to Rise, Petrol in Mumbai at Rs 87.82/Litre & Diesel at Rs 74.62 in Delhi