Investors’ wealth slumps Rs 8.86 lakh cr
image for illustrative purpose
New Delhi: Equity investors faced an erosion of Rs 8.86 lakh crore from their wealth on Friday as markets went into a tailspin, falling over 2 per cent as the West Asia conflict shows no signs of easing, leading to a fresh spike in crude oil prices.
The 30-share BSE Sensex tanked 1,690.23 points or 2.25 per cent to settle at 73,583.22. During the day, it plunged 1,739.04 points or 2.31 per cent to 73,534.41. Tracking the bearish trend in equities, the market capitalisation of BSE-listed companies slumped by Rs 8,86,383.92 crore to Rs 4,22,15,450.82 crore (USD 4.46 trillion). Crude oil prices staying above the USD 100 per barrel mark, the rupee’s free fall and relentless foreign fund outflows have also made investors jittery amid the ongoing West Asia chaos. A total of 3,544 stocks declined, while 822 advanced and 135 remained unchanged.
