Share market falls: Twitter goes with memes as Sensex falls over 1000 points
Indian equity benchmarks fell sharply in Friday morning trade after registering a rebound in the previous session. The BSE Sensex fell nearly 1,100 points, reflecting heightened tension on Dalal Street. Dalal Street investors were Rs 8.1 lakh crore poorer as the total market capitalization of BSE-listed stocks fell to Rs 268,344 lakh crore. While this came as sad news to most, people seemed worried, but many took to Twitter to share hilarious memes.
Todays crash #stockmarketcrash pic.twitter.com/YfUP45p3iK
β Deepak Gupta (@todeepaktg) January 25, 2023
Sensex Slips 500-600 Points,
Le New Investors : Market Crash ho gya…Market Crash ho gya…!!ππ#stockmarketcrash pic.twitter.com/0bAfUkcCeFβ π π (@PrinceAkshayy) January 25, 2023
Shareholders to Gautam Adani pic.twitter.com/QCSDjabgFL
β SURYA (@Suryasaharan) January 27, 2023
Adani to shareholders vs Hindenburg research to adani:#AdaniGroup #stockmarketcrash #adaniports #StockMarket #Nifty pic.twitter.com/ByQ9JvE4r6
β Puru (@preal958) January 27, 2023
Meanwhile, PSU bank stocks were the worst hit, with India’s largest lender SBI losing more than 5 percent. Bank of Baroda, PNB and ICICI Bank were the other top losers.
Foreign institutional investors, or FIIs, have been on a selling spree this month, with a total equity exit of Rs 16,766 crore so far in January, NSDL data showed. Last Wednesday alone, FII sales were Rs 2,394 crore. Analysts say FIIs are reallocating funds from India to relatively cheaper markets like China.
