01

With the huge fall in the stock market, there was a flood of memes on social media. People expressed their grief in a light-hearted manner. You can see some of those memes here. The BSE benchmark index Sensex, based on 30 stocks, closed at 79,402.29, down 662.87 points or 0.83 percent.

02

At one point during trading, it fell by 927.18 points to 79,137.98. However, buying at lower levels in the last hour reduced the decline somewhat.

03

The benchmark index Nifty of the National Stock Exchange (NSE) also closed at 24,180.80, falling 218.60 points or 0.90 percent. With this, the trend of decline continued in this business week. The market closed with losses on all five days of the week.

04

Among the Sensex stocks, IndusInd Bank registered a massive decline of more than 18.50 percent. In the last quarter, the net profit of IndusInd Bank fell by 40 percent to Rs 1,331 crore. Apart from this, shares of Mahindra & Mahindra, Larsen & Toubro, NTPC, Adani Ports, Tata Steel, Maruti Suzuki, Bajaj Finance, and Titan also closed with a decline.

05

Experts believe that the reason behind this fall in the stock market was foreign capital outflow and quarterly results of companies. Due to the poor performance of the September quarter, investors resorted to selling.