Market

Investors’ wealth tumbles more than Rs 2.16 trillion as markets crash

Investors’ wealth tumbled over Rs 2.16 lakh crore at shut of commerce on Monday as markets crashed amid a pointy spike in coronavirus instances within the nation.

The 30-share BSE benchmark Sensex plummeted 1,449.03 factors to 48,580.80 intra-day. It lastly closed 870.51 factors or 1.74 per cent decrease at 49,159.32.

Following this, the market capitalisation of BSE-listed corporations dived Rs 2,16,566.52 crore to succeed in Rs 2,05,09,835.27 crore at shut of commerce.

From the 30-share pack, 25 corporations closed decrease, led by Bajaj Finance, IndusInd Bank and State Bank of India.

In distinction, IT shares closed with positive factors, with HCL Tech main the gainers’ chart with a bounce of three.08 per cent.

“The week began on a adverse be aware for the Indian markets primarily on account of sharp surge in COVID-19 instances throughout the nation. Despite secure international cues, the Indian indices lost its floor and ended with losses.

“The broader markets too were not spared as both BSE midcap and smallcap ended with losses of 1 per cent each,” mentioned Ajit Mishra, VP – Research, Religare Broking Ltd.

The BSE realty, bankex, finance and auto indices tanked as much as 3.62 per cent, whereas IT, teck, metallic and telecom ended within the inexperienced.

(Only the headline and film of this report could have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)

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