Rs 14 Lakh Crore Wiped Out From Investors Kitty After Stock Market Crash

Dalal Street investors were a poorer lot on Monday as their wealth eroded sharply by Rs 14 lakh crore following a sharp decline in benchmark indices amid a global market meltdown due to recession fears.

Mirroring the bearish trend in equities, the market capitalisation (mcap) of BSE-listed firms declined sharply by Rs14,09,225.71 crore to Rs3,89,25,660.75 cr ($4.54 trn) in a single day. At one point during the morning trade, investors’ wealth eroded sharply by Rs20.16 lakh crore.