Rs 15 Lakh Crore Wealth GONE In Less Than 1 Hour As Market Crashes; Sensex, Nifty Worst Hit Since March 2025

The Indian stock market crashed to its worst levels since March 2025. Sensex has nosedived by 3.2% or 2,495 points, while Nifty 50 has tumbled by 3.07% or 752.65 points, at the opening bell. This led to nearly Rs 15 lakh crore in wealth erosion in less than one hour. All indices are in deep red, while India's volatility index has skyrocketed by nearly 22% and touched a new 52-week high of 24.49. The reason? Crude oil has spiked to over $115 per barrel, worsening the situation for global economies, including India.

Nearly Rs 13 Lakh Crore Wealth Gone In Less Than 1 Hour!

March 9th emerged as the black Monday for investors of Indian stock market. BSE-listed companies' total market capitalization toppled rapidly to hit Rs 43,70,82,560.01 crore at the time of writing. This resulted in an erosion of Rs 12,60,004.8 crore compared to the market cap of Rs 44,968,260.81 crore that was recorded last week on March 6th.

"The Indian stock market opened with a sharp gap-down and continues to hover near a critical support zone, reflecting lingering investor caution after last week's steep correction. The weak start underscores a clear risk-off tone, as market participants remain wary of deploying fresh capital amid mounting geopolitical uncertainties," said Ponmudi R, CEO of Enrich Money.

Of the total 3,834 stocks that traded on BSE, 3,065 stocks declined and only 584 stocks traded in the green. The other 185 stocks are unchanged.

The decline was even more extreme when the market opened. In the first few minutes of opening as Sensex and Nifty crashed over 3%, as much as Rs 15 lakh crore was wiped out on BSE.

Sensex, Nifty Worst Day Since March 2025:

Sensex touched an intraday low of76,424.55, a level that was last seen on April 15, 2024. Meanwhile, Nifty 50 touched an intraday low of 23,697.80, a level which was in March 2025.

Currently, both Sensex and Nifty have crashed by 3% each.

Top Losers Of March 9

On Sensex, Indigo was the worst performer with over 7.3% decline. While heavyweight SBI plunged by nearly 6%, followed by Maruti Suzuki, Asian Paints, L&T, and Tata Steel that nosedived by nearly 5% each. Stocks like Axis Bank, ICICI Bank, Eternal, M&M, Ultratech Cement, Power Grid, HDFC Bank, Adani Ports, Bajaj Finserv, Bharat Electronics and Bajaj Finance who plummeted by 3% to 4%.

Other stocks like Trent, Kotak Bank, Titan, HUL, NTPC, ITC, Bharti Airtel, and TCS dropped by 2% each. Tech Mahindra, Infosys, HCL Tech and Sun Pharma slipped by 1% to 1.5%.

Who Lost Most Market Cap:

Largest PSU lender SBI bled sharply and steeply. SBI lost most market cap by Rs 65,075 crore, followed by HDFC Bank and ICICI Bank who lost Rs 39,707 crore and Rs 32,173 market cap in less than 1 hour. Larsen & Toubro followed with Rs 23,392 crore m-cap loss and Maruti Suzuki slipped by Rs 19,981 crore in market cap. Check list of Sensex 30 companies market cap losses:

📊 Sensex 30 Companies - Market Cap Performance
(As of 09:54 AM | ₹ Crore)
Company	Mar 9 Market Cap	Mar 6 Market Cap	Change
SBI	9,90,491.42	10,55,567.27	🔴-65,075.85
HDFC Bank	12,79,399.97	13,19,107.08	🔴-39,707.11
ICICI Bank	9,07,876.19	9,40,049.82	🔴-32,173.63
L&T	5,19,816.08	5,43,208.36	🔴-23,392.28
Maruti Suzuki	4,24,871.06	4,44,852.92	🔴-19,981.86
TCS	9,09,949.01	9,25,380.15	🔴-15,431.14
Axis Bank	3,94,037.91	4,08,842.49	🔴-14,804.58
Bajaj Finance	5,76,419.86	5,91,136.03	🔴-14,716.17
M&M	4,00,652.55	4,14,555.21	🔴-13,902.66
Interglobe Aviation	1,57,508.07	1,70,287.56	🔴-12,779.49
HUL	5,10,378.21	5,23,042.51	🔴-12,664.30
Ultratech Cement	3,41,245.85	3,53,224.56	🔴-11,978.71
Adani Ports	3,29,097.52	3,40,248.68	🔴-11,151.16
Asian Paints	2,08,356.94	2,18,677.91	🔴-10,320.97
Tata Steel	2,37,622.33	2,47,796.34	🔴-10,174.01
Bharat Electronics	3,32,192.90	3,42,353.49	🔴-10,160.59
Bharti Airtel	10,57,113.31	10,67,120.50	🔴-10,007.19
Bajaj Finserv	2,89,851.60	2,99,166.80	🔴 -9,315.20
Kotak Bank	3,88,553.13	3,97,803.21	🔴 -9,250.08
Power Grid	2,69,717.51	2,78,274.07	🔴 -8,556.56
Titan	3,68,014.00	3,76,456.84	🔴 -8,442.84
Eternal	2,16,795.13	2,24,032.89	🔴 -7,237.76
Infosys	5,23,672.66	5,30,546.54	🔴 -6,873.88
NTPC	3,62,412.90	3,68,909.66	🔴 -6,496.76
Sun Pharma	4,26,363.78	4,31,618.19	🔴 -5,254.41
Trent	1,28,569.15	1,32,330.21	🔴 -3,761.06
HCL Technologies	3,65,476.42	3,68,203.65	🔴 -2,727.23
Tech Mahindra	1,29,061.48	1,30,511.55	🔴 -1,450.07

All Indices In Deep Red:

At the time of writing, Nifty 100, Nifty 200 and Nifty 500 plunged by around 3% each. While Nifty Midcap and Nifty Smallcap indices nosedived by 3% to 3.5%. Nifty PSU Bank was the worst performer with nearly 7% crash, while Nifty Auto index followed with nearly 5% decline. Indices like Nifty Financial Services, Nifty Media and Nifty Metal plunged by 4% each, while other indices are down by 2% to 3%.

Crude Oil Prices:

US WTI Crude futures surged by nearly 31% on Monday to hit above $113 per barrel and Brent Crude oil climbed by 25% to trade above $115 per barrel, after major Middle Eastern producers announced a series of production cuts of crude following disruptions in the Strait of Hormuz.

What Should Investors Do In Market Crash?

In Ponmudi's opinion, near-term sentiment remains pressured by escalating tensions in the Middle East, which have kept crude oil prices elevated and intensified concerns over inflation risks and India's rising import bill. The sustained surge in energy prices is also reviving fears of macroeconomic strain, adding another layer of caution to market positioning.

Against this backdrop, Ponmudi said, investor confidence remains fragile and defensively positioned. Trading is likely to stay volatile and largely range-bound with a downside bias in the near term, unless geopolitical tensions show signs of easing, crude oil prices stabilize, or stronger macroeconomic triggers emerge to restore market confidence.

Sensex, Nifty Outlook:

According to Shrikant Chouhan, Head Equity Research, Kotak Securities, the market is trading well below short-term and medium-term averages and is also forming a lower top on daily charts. In addition, a bearish candle on weekly charts also indicating further weakness from the current levels. We are of the view that the short-term market texture is volatile; hence, level-based trading would be an ideal strategy for traders.

Giving a technical outlook, Chouhan said, "On the downside, 24,300/78800 would act as an immediate support zone for traders. Below 24,300/78800, the market could retest levels of 24,000/77900. Further downside may also continue, which could drag the index to 23,800-23500/77200-76100. On the flip side, 24,500/79500 would be the immediate resistance zone for traders. If the market succeeds in trading above 24,500/79500, then the pullback move could continue till 24,800-24,850/80400-80600."

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