Mon Jan 13 16:02:44 UTC 2025: ## Indian Stock Market Suffers Biggest Crash in Seven Months, Wiping Out ₹13 Lakh Crore

**Mumbai, India** – The Indian stock market experienced a dramatic crash on Monday, marking its worst day in seven months. Both the Sensex and Nifty plummeted to their lowest levels in that period, losing 1.36% and 1.47% respectively, to close at 76,330.01 and 23,085.95. The sell-off wasn’t limited to blue-chip stocks; mid-cap and small-cap indices suffered even more significantly, each falling by 4%.

The sharp decline wiped out a staggering ₹13 lakh crore (approximately $157 billion USD) from investor wealth. Concerns over reduced Federal Reserve rate cuts, slowing corporate earnings, foreign portfolio investor (FPI) selling, and a strong US dollar are cited as contributing factors to the market’s downturn.

Prominent market figures reacted to the crash with a mix of humor and advice. Zerodha CEO Nithin Kamath highlighted the widespread nature of the losses across all sectors, emphasizing the sustained downward trend in recent times. Ace investor Shankar Sharma jokingly lamented losing money, underscoring the impact even on experienced investors. Conversely, Deepak Shenoy of Capitalmind suggested that the crash presented a buying opportunity for long-term investors looking to acquire quality stocks at discounted prices.

Experts advise investors to consult with financial professionals before making any investment decisions based on market fluctuations.

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