Mayhem in stock market washes away Rs 4.95 lakh crore investor wealth: 5 points - News Summed Up

Mayhem in stock market washes away Rs 4.95 lakh crore investor wealth: 5 points


Investors lost around Rs 4.95 lakh crore amid sell-off in the broader market today where the benchmark BSE Sensex tumbled 1,275 points or 3.6 per cent in opening trade. The BSE Sensex cracked below the 34,000-mark by plunging about 1,275 points or 3.6 per cent in opening trade today due to across-the-board losses after investor sentiment was hit by a sell-off in world markets. Following the downfall, the total market capitalisation of BSE listed companies eroded by Rs 4,94,766 crore to Rs 1,43,00,981 crore. Below are the five points to track down the mayhem in stock markets:1. At 12:48 PM, Sensex recovered but still trading in red with over 897.92 points at 33,859.87 while Nifty was at 10,396.45, down by 2.75 per cent.


Source: dna February 06, 2018 07:18 UTC



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