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Technical Analysis - 6/1/2017 11:49:30 PM   
donnieclark

 

Posts: 246
Joined: 4/19/2017
Status: offline
Hello,

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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