Mumbai: The Indian stock markets badly affected in stock market history, with the Sensex falling over 4,000 points and the Nifty-50 falling over 1,100 points in a day on rising covid-19 cases forcing lockdowns and virtually bringing the real economy to halt.

Investors lost Rs. 14 lakh crore with all the 30 stocks in the Sensex and 50 stocks in the Nifty closing deep in the red. BSE’s market cap stood lower by Rs. 14.23 lakh crore at Rs. 101.86 lakh crore compared to Rs. 116.09 lakh crore on Friday. The Sensex and Nifty have lost over 35% of the value in the last one month i.e., from 40363 on February 24 to 25981 on March 23 which translates to an average loss of nearly 500 points a day.

The Sensex has witnessed its worst day in history on Monday by recording the steepest ever fall in terms of both absolute number and percentage beating the 12.7 % fall caused by the Harshal Mehta scam in April 1992 in percentage terms. The Sensex closed 3935 points down at 25,981.24 down by a massive 13.15 percent. The Nifty-50 closed 1135.20 points are 12.98 percent down at 7610.25.