The biggest crash in the stock market in six months
AHMEDABAD: The Indian stock market plunged to its highest level since April 2021 today on strong selling pressure from Chomer amid unfavorable local and global reports. Today, the Sensex plunged by 116 points and the Nifty by 3 points, with small-cap and mid-cap stocks making huge gaps. Globally, fears of a resurgence of the global economic downturn due to the resumption of lockdowns in China, Russia and the UK, persistent rise in domestic petrol-diesel prices and the downgrade of Indian equity by another organization, Morgan Stanley, today weighed on the market. Following these reports, the Sensex opened under pressure from the start of trading at the Bombay Stock Exchange today. This was earlier last date. On April 12, '71, the Sensex had lost 1,508 points. Thus, the biggest crash was recorded after April. At the NSE, the Nifty intraday fell to 17.5 after a low start and bounced back to 7.50 points at the end of the day, bouncing back to 17.5. Small investors were hit hard t