Stock Market Crash: 8 Lakh Crore Wiped Away In Minutes!

Just when everyone thought the ongoing conflict between Iran and the United States would come to an amicable solution after the negotiations in Pakistan, things went rather badly. The US stated that Iran did not agree to their conditions, and hence the conflict will continue.

This was followed by a pretty significant announcement from Trump as he said the US is going to blockade the Strait of Hormuz and avoid any country vessel from entering or exiting it. This would be a major roadblock to global oil transport and can have lethal consequences. 

With so much uncertainty lingering in the global markets, the Indian stock market witnessed sensational crash in the early hours of Monday, April 13.

The Sensex crashed nearly 1700 points since the start of the day today as investors lot around Rs 8 lakh crore in a matter of few minutes. The BSE listed companies which were valued at Rs 451 lakh crore in the previous session have crashed steeply and are trading at Rs 443 lakh crore since this morning.  

Aggressive sell off from investors and holders meant that all major companies across all segments suffered extreme crash in the market. The fact that nearly 2% of the market valuation got wiped away in a matter of few minutes shows the kind of effect that the U.S.-Iran failed negotiations are having.