Indian equity benchmarks fell sharply in late morning trade on Friday after recording a rebound in the previous session. The BSE Sensex slumped nearly 1,100 pts reflecting heightened tension on Dalal Street. Dalal Street investors were left poorer by Rs 8.1 lakh crore as the total market capitalisation of BSE-listed stocks dropped to Rs 268,344 lakh crore. While it comes as a sad news to most and people seem to be worried, there were many who took to Twitter and and shared hilarious memes.
Have a look:
Adani stocks as soon as the market opened:#adani #AdaniEnterprises #sensex #HindenburgReport pic.twitter.com/7odQ4zKzJV— Stockflix (@stockflixx) January 27, 2023
Current Situation #adani #irctc #stocks #bse #nse #nifty #sensex #stockmarkets #markets #trading pic.twitter.com/lx6F1rHOop— Narendra Varma (@pnvarma) January 27, 2023
Investors buying the dip in Adani stocks, aren’t buying .The reality is they are buying it .#AdaniEnterprises #AdaniGroup #Nifty50 #sensex #stockmarketcrash pic.twitter.com/1b7krfG0AA— sofi hayat (@sofihayat1) January 27, 2023
Stock Market explained in 19 seconds … #stockmarketcrash #StockMarketindia #stocks pic.twitter.com/W3VXU3BX7P— Sagar Dutt (@itsmeSagardutt) January 23, 2023
When those having no share of #AdaniGroup are seeing huge loss in portfolio. #stockmarketcrash #ADANIENT #StockMarketindia pic.twitter.com/0Ci8QMPz3f— Honest Income Tax Payer (@sap_engineer) January 27, 2023
Nifty right now after Adani Group #AdaniGroup #stockmarketcrash pic.twitter.com/GJXuGFQKIG— Kailash Jha (@MasterKailash) January 27, 2023
Adani to shareholders vs Hindenburg research to adani:#AdaniGroup #stockmarketcrash #adaniports #StockMarket #Nifty pic.twitter.com/ByQ9JvE4r6— Puru (@preal958) January 27, 2023
#AdaniGroup #stockmarketcrash Shareholders to Gautam Adani pic.twitter.com/QCSDjabgFL
— SURYA (@Suryasaharan) January 27, 2023
Sensex Slips 500-600 Points,Le New Investors : Market Crash ho gya…Market Crash ho gya…!!#stockmarketcrash pic.twitter.com/0bAfUkcCeF— ???? (@PrinceAkshayy) January 25, 2023
Todays crash #stockmarketcrash pic.twitter.com/YfUP45p3iK— Deepak Gupta (@todeepaktg) January 25, 2023
Meanwhile, PSU bank stocks were the worst hit with India’s largest lender SBI losing more than 5 per cent. Other top losers included Bank of Baroda, PNB and ICICI Bank.
Foreign institutional investors or FIIs have been on a selling spree this month, taking the total outflow in equities to Rs 16,766 crore so far in January, shows NSDL data. Last Wednesday alone, the FII selloff stood at Rs 2,394 crore. Analysts say FIIs are reallocating funds from India to relatively cheaper markets like that of China.
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