Saturday, September 21, 2024

Business

In the middle of the free fall market, investor wealth worth ₹ 8 lakh crore destroy

In the middle of the free fall market, investor wealth worth ₹ 8 lakh crore destroy

New Delhi: Investors become poorer by over ₹ 8 lakh crore in five days falling market, with the equity index weighed by extensive sales amid bearish global cues.
Falling for the fifth consecutive session, Sensex was complete 703.59 points or 1.23 percent lower at 56,463.15 on Tuesday.

In the last five trading sessions, Sensex has fallen 2,984.03 points or 5.01 percent.

Track weaknesses in equity, market capitalization BSE companies fall with ₹ 8.08.067.6 Crore in five days to stand on ₹ 2,66,02,728.45 crore.

Outflows of foreign funds that have not taken place, inflation fears and geopolitical concerns have made nervous investors.

HDFC and HDFC Bank are the biggest obstacles in Sensex in trading on Tuesday, each falling 5.50 percent and 3.73 percent respectively.

Infosys, ITC, Tech Mahindra, HCL Technologies, Hul and Nestle India are one of the other big lambards.

In a wider market, the BSE Smallcap Gauge decreased 1.21 percent and the MIDCAP index lost 1.20 percent.

Foreign institutional investors continue their sales, demolition of shares worth ₹ 687.45 crore clean on Monday, according to data exchange.

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