Sensex Drops 1,000 Points, Erases ₹6 Lakh Crore

Indian equity markets fell sharply on Monday, with the BSE Sensex dropping 1,000 points to an intraday low of 76,502 and the NSE Nifty sliding over 300 points to 23,864, both down roughly 1.3%. The selloff wiped out approximately ₹6 lakh crore in investor wealth in a single session. The article flags five key factors behind the drop but does not detail them in the provided text. What is clear is that the losses hit both large-cap benchmarks simultaneously, pointing to broad-based selling rather than a sector-specific move. A decline of this scale in a single session puts pressure on retail portfolios, mutual fund NAVs, and market sentiment heading into the next trading day. Intraday crashes of 1,000-plus points on the Sensex are relatively rare and typically draw follow-on institutional activity. Watch for whether the indices recover at close or extend losses, and what the foreign institutional investor flow data shows, as that will signal whether this is a short correction or the start of a wider pullback.