: Investors lose Rs 13.30 lakh cr in four days of market crash #FinanceIndia #StockMarketNEWS #Business Press Trust of India New Delhi Equity investors’ wealth has tumbled by over `13.30 lakh

@StockMarketNEWS Wed 28 Sep, 2022

Posted in: #FinanceIndia #StockMarketNEWS #Business

Investors lose Rs 13.30 lakh cr in four days of market crash #FinanceIndia #StockMarketNEWS #Business
Press Trust of India

New Delhi

Equity investors’ wealth has tumbled by over `13.30 lakh crore in four days of market plunge amid a sharp sell-off in global markets.

Falling for the fourth straight day, the 30-share BSE Sensex tanked 953.70 points or 1.64% to settle at 57,145.22. During the day, it plummeted 1,060.68 points or 1.82% to 57,038.24.

In four days, the BSE benchmark has slumped 2,574.52 points or 4.31%.

The market capitalisation of BSE-listed firms tumbled `13,30,753.42 crore in four sessions to reach `2,70,11,460.11 crore.

“Domestic equities have corrected by more than 4 per cent over the last four trading sessions as global uncertainties dominate market sentiments. A short bounce or reversal can be seen following this intense selling.

“However, the overall narrative of the market remains weak, especially following the cautiousness ahead of the RBI MPC due later this week,??? said Siddhartha Khemka, Head Retail Research, Motilal Oswal Financial Services Ltd.

On Monday, Maruti, Tata Steel, ITC, Axis Bank, NTPC, Bajaj Finance, IndusInd Bank and Mahindra & Mahindra were the major laggards among the 30-share Sensex pack

HCL Technologies, Asian Paints, Infosys, UltraTech Cement, TCS, Nestle and Wipro were the gainers.

In the broader market, the BSE smallcap gauge tumbled 3.33% and midcap index fell by 2.84%.

All the BSE sectoral indices, except IT, ended lower, with realty falling 4.29%, auto (3.86%), utilities (3.72%), power (3.71%), commodities (3.32%), energy (3.17 per cent), oil & gas (3.10%) and telecommunication (2.97%).