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Stock Market Crash Today: Sensex Plunges 770 Points In Final 30 Minutes – What Spooked D-Street?

After trading flat for most of the session, Dalal Street witnessed a dramatic late-hour selloff that erased nearly Rs 5 lakh crore in investor wealth. Read ahead to know what triggered the sudden market crash

The sudden decline wiped out nearly Rs 5 lakh crore in investors' wealth. (AI-generated) Photo: ChatGPT

Equity benchmark indices traded in a narrow range for most of the session on May 29, with investors largely staying on the sidelines amid mixed global cues. However, sentiment turned sharply negative in the final 30 minutes of trade, triggering a sudden selloff that dragged frontline indices significantly lower by the closing bell.

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The sudden decline wiped out intraday stability as heavy selling pressure emerged across key sectors, particularly in financials and heavyweight stocks. The total market capitalisation of all BSE-listed companies declined by nearly Rs 5 lakh crore during the session, leading to a sharp erosion in investor wealth.

The Sensex tumbled nearly 770 points during the last leg of trading, while the Nifty also slipped about 225 points.

By the closing bell, Sensex was down 1,092.06 points, or 1.44 per cent, at 74,775.74. Likewise, Nifty 50 settled 359.40 points, or 1.50 per cent, at 23,547.75.

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