Sensex crashes 600 points, Nifty near 24,250; investors lose ₹3 lakh crore; key factors behind market selloff explained

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The Indian stock market remained in the negative territory for the second consecutive session, with the benchmarks, the Sensex and the Nifty 50, falling almost 1% each in intraday trade on Wednesday, 12 August.The Sensex dropped more than 650 points, or 0.80%, to an intraday low of 77,498, while the NSE counterpart Nifty 50 declined more than 200 points, or 0.84%, to an intraday low of 24,266.The mid and small-cap segments also witnessed selling; Nifty Midcap 100 and Smallcap 100 indices declined by up to 0.50%.Investors lost about ₹3 lakh crore in a day, as the overall market capitalisation of BSE-listed firms dropped to ₹490 lakh crore from nearly ₹493 lakh crore in the previous session.(This is a developing story. Please check back for fresh updates.)

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