D-Street traders lose Rs 3 lakh crore! 8 key factors behind today’s selloff

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Key Points

NEW DELHI: Leaving Dalal Street investors poorer by Rs 3 lakh crore, the Sensex today tumbled over 900 points while Nifty fell below its 200-DMA..

The sell-off was led by bank stocks as Nifty Bank slipped below the 41,000 mark with a loss of over 750 points...

The total market capitalisation of all BSE-listed stocks fell to Rs 261.24 lakh crore today as bears ruled the Street for the second consecutive day amid weak global cues...

Shares of American bank SVB Financial Group, which invests in early-stage startups, collapsed 60% and wiped out over $80 billion worth of market capitalisation amid concerns over its financial stability..

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 561.78 crore, according to exchange data...

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