Nearly Rs 11,00,00,00,00,000 Wiped Out! Sensex Crashes 1,232 Points, Nifty 50 Slips Below 22,200; ITC, Indigo Slump
NDTV Profit 1 hr ago·8 Oct 2026, 9:30 am
ITCThe Indian stock market faced a sharp downturn today, with the Sensex falling by over 1,200 points and the Nifty 50 slipping below the 22,200 mark. This significant drop erased nearly Rs 11 lakh crore from investors' wealth. The broader market also followed suit, with several major stocks losing ground.
Among the biggest losers was ITC. The stock tumbled sharply, dragging down the consumer goods sector. This decline comes amid a broader risk-off sentiment in the market, where investors are moving away from equities due to growing concerns over global economic growth and rising interest rates.
For investors, this volatility highlights the importance of staying diversified and avoiding panic selling. While a sharp correction can be unsettling, it is a normal part of market cycles. Going forward, investors should keep a close watch on global cues and corporate earnings reports to gauge the market's next move.
Affected stocks
Bearish1 stockBull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns ITC (ITC).
- Category: Stocks.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development for ITC and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
