Stock Market crash explained: KOSPI fall, F&O expiry among key triggers
- Indian stock markets crashed, wiping out over ₹4 trillion in investor wealth and reducing the total BSE market capitalization to ₹475.08 trillion.
- The downturn was triggered by weak global cues, specifically a 10% plunge in South Korea's KOSPI index, alongside F&O expiry pressures.
- Sectoral losses were led by Nifty Metal (-3.2%) and Nifty IT (-1.2%), while the India VIX spiked 8.5% to 13.94, signaling high market volatility.
- Only Nifty Pharma managed to stay positive, gaining 0.92% amid the broader market sell-off.
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