Investor wealth erodes by ₹ 1.24 lakh crore as markets plunge - News Summed Up

Investor wealth erodes by ₹ 1.24 lakh crore as markets plunge


NEW DELHI: Investor wealth eroded by ₹1.24 lakh crore Monday amid huge selling pressure in the equity market where the Sensex plunged 363 points. Led by the sell-off in the broader market, the market capitalisation of BSE-listed companies dropped ₹1,24,380.06 crore to ₹1,50,37,633.14 crore. On the BSE, 1,634 scrips declined, while 831 advanced and 200 remained unchanged. In the broader market, the BSE mid-cap and small-cap indices also ended lower by up to 0.85%. Benchmark indices of Japan, Hong Kong and South Korea also witnessed sharp declines.


Source: Mint May 06, 2019 13:41 UTC



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