Sensex and Nifty fall sharply, wiping out about Rs 4 to 4.68 lakh crore in investor wealth

Indian stock indexes fell on the day, with Nifty50 down about 1.19% and Sensex down about 1.24% in afternoon trading. Reports cite weak private banks, foreign investor outflows and crude oil prices as reasons.

Timeline

1. 19 Oct, 08:34 UTCTimes of India reports Rs 4.68 lakh crore loss
2. 19 Oct, 08:38 UTCNDTV reports Rs 4 lakh crore loss and three causes

Top sources

• Sensex ends over 870 points down, Nifty50 below 22,900 - top reasons for fallTimes of India
• Stock Market Crash: Investors Lose Rs 5 Lakh Crore As Sensex, Nifty Tank. 3 Reasons Why Market Are Falling TodayNDTV