Investments worth nearly ₹25 lakh crore in market valuation have been lost in the past four days of a severe drubbing in the equity market.
A share broker reacts as Sensex and Nifty prices plummet in Kolkata. (ANI/File Photo)
The market capitalisation of the Bombay Stock Exchange (BSE)-listed firms dropped to ₹4,17,05,906.74 crore ($4.82 trillion), a fall of ₹24, 69,243.3 crore across these days, including Monday, when a sharp fall in equities resulted in the market cap of the BSE-listed firms plunging below the $5-trillion mark.
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On Monday alone, investors' wealth dropped ₹12.61 lakh crore, it added.
“Continued foreign institutional investor selling crossed ₹20,000 crore this month, contributing to the negative sentiments. The Indian rupee touched a fresh low against the dollar during the session, pressured by stronger-than-expected US non-farm payrolls data which further dampened the sentiment, resulting in a firm dollar index,” Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, told PTI.
Khemka also noted that oil prices, on the other hand, reached their highest level in over three months, amid expanded US sanctions disrupting Russian crude supplies, further adding to global uncertainties.
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Over the previous four sessions, BSE Sensex has tanked 1,869.1 points (2.39%).
Gainers and losers
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Over the previous four sessions, BSE Sensex has tanked 1,869.1 points (2.39%).
Gainers and losers
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While Axis Bank, Tata Consultancy Services, Hindustan Unilever, and IndusInd Bank were among the gainers, the losers included Zomato, Power Grid, Adani Ports, Tata Steel, NTPC, Tata Motors, Mahindra & Mahindra, Asian Paints, Tech Mahindra, UltraTech Cement, Sun Pharma, and others.
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Home/Business/Stock market crash: Investors lose ₹25 lakh crore in four days of slump
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