Today a popluar news website posted the above heading and below information:
"A flash 900-point crash in the National Stock Exchange's index Nifty this morning eroded an estimated Rs 10 lakh crore of investor wealth, though for a brief period"
I was a bit confused with this statement.
As per my understanding, if certain investors lost 10lakh crore (assumption stop losses were trigerred) it means certain other investors made a profit of 10 lakh crore.
Am a little new to the market.
Requesting seniors help me to understand this
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