Rs 5 LAKH CR GONE IN SECONDS: What’s driving this mad selloff in equities

NEW DELHI: A 1,274-point fall in the Sensex was investors' worst nightmare coming true.

Though the market appeared to have calmed some bit and the benchmark indices moved up from their lows, it still turned out to be a 'terrifying' Tuesday for Dalal Street. The morning crash knocked off Rs 5.4 lakh crore investor wealth within seconds.

Sensex cracked over 1,274 points to hit a low of 33,482, before making a smart rebound. The index was trading 426.24 points, or 1.23 per cent, lower at 34,330.92 at 2.51 pm . Twenty six nine of 30 Sensex stocks were trading in the red. The Nifty50 was down 127.10 points, or 1.19 per cent, at 10,539.45. The index hit the sub-10,300 level in morning trade.