Highlights

  • SBI shares down over 4%, erased market valuation of ₹4 lakh crore
  • LIC stock crumbles below Rs 700 as anchor lock in ends

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Markets at close: A complete meltdown on Monday

There was no silver lining for investors today as over Rs 6 lakh crore got wiped out as markets sunk deep in the red with a global shakedown

Markets at close: A complete meltdown on Monday

There was no silver lining for investors today as over Rs 6 lakh crore got wiped out as markets sunk deep in the red with a global shakedown. Here is the summary for the mayhem on the street -:

Nifty declines 2.5%, most since 19 May, lowest close since 13 May
48 stocks out Nifty 50 end in the red
Nifty Midcap closes at near 1 year low
Fear Index/ VIX rises over 10% in Monday's trade
PSU banks, Metals, Real Estate Index falls over 3%
SBI shares down over 4%, erased market valuation of ₹4 lakh crore
LIC stock crumbles below Rs 700 as anchor lock in ends
RBL Bank cracks 23%, new mgmt decision disappoints markets

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Over Rs 6 lakh crore got wiped out

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