Stock market crash: Terrible Thursday for Sensex, Nifty as over ₹7 lakh cr investors wealth eroded - what went wrong?

The Indian stock market experienced a significant drop on October 8, with the Nifty falling by 1.11% and the Sensex losing nearly 700 points. This decline resulted in a loss of over 7 lakh crore in market capitalisation. The drop was attributed to factors such as rising repo rates, foreign selling, and inflation concerns.