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Stock Market Crash: Rs 70,000 Crore Wiped Out In Ten Days Amid Multiple Fears
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CNBC Awaaz•08-10-2026, 15:58
Stock Market Crash: Rs 70,000 Crore Wiped Out In Ten Days Amid Multiple Fears
- •Foreign Institutional Investors have sold shares worth around Rs 23,000 crore so far in October, suppressing share prices.
- •Continuous heavy selling by foreign investors following September's Rs 44,000 crore outflow has created hesitation among buyers.
- •The RBI hiked the repo rate by 0.25 percentage points with hints of further increases, making credit expensive for companies.
- •Brent crude staying above $103 per barrel has raised concerns about rising import bills and production costs.
- •Ongoing West Asia crisis, strengthening dollar, and fears of weak rural earnings due to poor rainfall continue to trouble the market.
Key Questions Answered
So far in October, foreign institutional investors have sold shares worth approximately Rs 23,000 crore.
The RBI raised the repo rate by 0.25 percentage points, with hints of further rate hikes raising concerns.
The yield on the US 10-year government bond stands at 5.34%, attracting large investors away from equities.
