The stock market has experienced a significant decline, with the Sensex shedding over 1,500 points and the Nifty falling below certain key levels. Estimates of the total value wiped out vary, ranging from Rs 2 lakh crore to Rs 19 lakh crore, with some reports suggesting a loss of around Rs 10 lakh crore. The extent of the losses and the factors behind the market downturn are still being reported.