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MARKETS

Investors’ Wealth Falls by Rs 15.77 Lakh Crore in Four Days

Picture Source: Internet

Equity investors lost Rs 15.77 lakh crore in the four-day market rout, with the benchmark Sensex index down more than 3%.

Market analysts said investors remained cautious amid rising coronavirus cases worldwide, raising fears of another global virus outbreak.

The 30-share BSE Sensex shed 980.93 points or 1.61% to close at 59,845.29 on Friday. It was down 1,060.66 points, or 1.74%, on the day to 59,765.56. In four days, the benchmark index lost 1,960.9 points or 3.17%.

The continued decline in the stock market has eroded investors’ wealth by Rs 15,77,850.03 crore as the market capitalisation of BSE-listed companies is currently at Rs 2,72,12,86.03 crore.

The broader market was hit hard on Friday, with the BSE smallcap index down 4.11% and the midcap index down 3.4%.

All industry indices fell, with Services down 5.43%, followed by Utilities (5.17%), Electricity (4.89%), Metals (3.93%), Commodities (3.92%), Energy (3.82%), Oil & Gas (3.71%) %) and industrial (3.26%).

All Sensex stocks except Titan ended lower, led by Tata Steel (down almost 5%), Tata Motors, SBI, Bajaj Finserv, Reliance Industries, Wipro, IndusInd Bank, Maruti Suzuki and L&T.

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