Live
- EC sends notice to Cong over poll code violation by Rahul Gandhi, seeks reply by April 29
- CM Revanth flays BJP Policies and Alleges Conspiracy Against Reservations
- BMW's another all-electric car launched in India
- Kajol’s style mantra of the day: Life is short, let my pallu be long
- IPL 2024: Sometimes it works, sometimes it doesn't work, says R Sai Kishore on being held back till 19th over
- Treating politician differently from ordinary criminal will violate Constitution: ED tells SC on CM Kejriwal's plea
- Adverse weather conditions may hit mango crops in UP: Experts
- Cong to snatch reservation from Dalits, says Union Minister Pralhad Joshi
- Congress tied hands of our soldiers, we gave them full freedom to retaliate: PM Modi
- Big B on being honoured with Mangeshkar Award: ‘Abhaar aur mera param saubhagya’
Investor wealth falls by Rs 3.35 lakh crores
Equity market investors have lost over Rs 3.35 lakh crore in two days as sentiment remained weak amid a steady rise in coronavirus cases in the country.
New Delhi: Equity market investors have lost over Rs 3.35 lakh crore in two days as sentiment remained weak amid a steady rise in coronavirus cases in the country.
The 30-share BSE barometer Sensex plunged 1,375.27 points or 4.61 per cent to close at 28,440.32 on Monday. On Friday, it had fallen by 131.18 points.
Led by the two-day decline in equities, the market capitalisation of BSE-listed companies dropped by Rs 3,35,192.89 crore to Rs 1,09,63,832.17 crore.
"While the coordinated stimulus action from governments around the world has offered some respite, the volatility in the market is likely to continue as there is no certainty as to how long the problem will persist and its repercussions on the economy.
"It would continue to track the trend in coronavirus cases globally and the economic impact of lockdowns undertaken by several countries," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Among Sensex constituents, 24 closed the day lower. Bajaj Finance was the top drag, falling nearly 12 per cent, followed by HDFC, Tata Steel, HDFC Bank and ICICI Bank.
