2% mkt fall erodes Rs 11.30-trn investors’ wealth since Apr 2

New Delhi: Investors’ wealth eroded by Rs11.30 lakh crore since early this month, where the BSE benchmark Sensex tumbled nearly two per cent, as stock markets experienced turbulence in recent times initially due to US President Donald Trump unveiling a massive tariff plan, followed by growing concerns of a tit-for-tat trade war between China and the US.

Since April 2, the BSE benchmark gauge has slumped 1,460.18 points or 1.90 per cent. Tracking uncertainty in equities, the market capitalisation of BSE-listed firms tumbled by Rs11,30,627.09 crore to Rs4,01,67,468.51 crore ($4.66 trn) during this period.

Benchmark indices jumped nearly 2 per cent on Friday as investors rejoiced at the 90-day suspension of additional import duties by the US. Markets remained closed on two occasions, on April 10 for Shri Mahavir Jayanti and April 14 due to Dr Baba Saheb Ambedkar Jayanti. Trump unveiled a massive tariff plan in the first week of April.