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January 6 Market Crash explained

07-01-2015

Indian equities tumbled sharply on January 6 in sync with the weak sentiment across equity markets globally where investors have been spooked by the plunge in the price of crude oil to levels of below $52 per barrel, the lowest since May 2009.

The Sensex lost 3.1%, or 855 points, to end the session at 26,987.46, the worst performer in Asia. In a sign of how quickly risk moved off the table, every stock in the Sensex and Nifty, save Hindustan Unilever, ended in the red. (More hereGlobal Jitters Take Markets To Lowest Levels Since May 2009)

In-line with the weak broader market, the total investor wealth plunged by Rs 2.9 lakh crore to Rs 96.74 lakh crore. (More here: Bloodbath At Sensex, Nifty: Investors Lose Rs 3 Lakh Crore)

Here are 5 reasons why Sensex tanked: Why Sensex Crashed 900 Points, Its Biggest In Over 5 Years

What lies ahead for markets: 

Correction Set To Continue?

Free Money, Currency Wars & a Sensex Crash: What's Next In Store

WATCH: Why Oil Prices Are Falling?

VIDEO: How soon will oil prices rebound?

Must READ: Naughty at 40! Will crude sink to $40/bbl & drag markets further?

VIDEO: Crude Nearing Bottom, Demand To Pick-Up: Citigroup

 

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