‘NIFTY – No income for this year’: Stock market crash triggers memefest

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Equity investors became poorer by over Rs 5.47 lakh crore in early trade on Monday amid an extremely weak trend in the broader market with the sensex plunging over 1,500 points. The 30-share BSE benchmark tanked 1,568.46 points to 52,734.98 in early trade. The broader NSE Nifty slumped 451.9 points to 15,749.90.
Domestic indices fell 2.5% and the rupee hit a record low, as US inflation data and a Covid-19 warning from Beijing roiled global markets, with traders in Asia‘s third-largest economy waiting for May consumer price data for further cues.
In line with weak trend in equities, the market capitalisation of BSE-listed firms eroded by Rs 5,47,410.81 crore to Rs 2,46,36,948.05 crore in morning trade.
Meanwhile, stock market investors expressed their frustration using memes on social media.

Stock market simplified


So used to now