Live
- Velapalli, Bonda Uma engage in war of words on stone incident
- Accused in stone pelting case arrested
- Watch The Viral Video Of A Woman Wearing Bikini Into Crowded Delhi Bus
- AAP Nominates Mayor and Deputy Mayor Candidates For Delhi MCD Elections
- Hyderabad: Eatala, Raghunandan, DK Aruna file nomination papers
- Chandrababu to hold Praja Galam election campaign in Kurnool today
- Rajasthan CM casts his vote, says BJP will repeat history
- Ex-MP CM Kamal Nath, son Nakul Nath cast votes in Chhindwara
- Hyderabad: HC directs police to permit Hanuman Vijaya Yatra rally with 100 bikes on April 23
- LS polls: PM Modi to campaign in UP, MP and Maharashtra today
Rs 4.95 lakh cr investor wealth washed away amid sell-off as markets crash
Investors lost around Rs 4.95 lakh crore amid sell-off in the broader market on Tuesday where the benchmark BSE Sensex tumbled 1,275 points or 3.6 per cent in opening trade.
The BSE Sensex crashed below the 34,000-mark by plunging about 1,275 points or 3.6 per cent in opening trade on Tuesday.
New Delhi: Investors lost around Rs 4.95 lakh crore amid sell-off in the broader market on Tuesday where the benchmark BSE Sensex tumbled 1,275 points or 3.6 per cent in opening trade.
The BSE Sensex crashed below the 34,000-mark by plunging about 1,275 points or 3.6 per cent in opening trade on Tuesday 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.
Extending its falling streak for the sixth straight session, the 30-share index fell by 1,274.35 points, or 3.66 per cent, to 33,482.81 with all sectoral indices led by realty, consumer durables, metal and banking tradings in the negative zone.
On BSE, 2,221 stocks declined, while 169 advanced and 83 remained unchanged.
Domestic brokerage firm Angel Broking in a report on Tuesday said that a fall in Indian markets is likely amid sell off in global indices.
"US stocks suffered one of their worst days in recent history in the last trading session, as markets continued to throw a tantrum over rising interest rates. The Dow Jones ended on downside of 4.6 per cent to close at 24,346 and the Nasdaq Composite edged down to 3.8 per cent, to 6,968," it said.
Moreover, UK shares tumbled as a strong US jobs report reinforced the Fed's outlook for three interest-rate hikes this year and investors looked ahead to a new round of talks between the UK and European Union.
The FTSE 100 was down by 1.5 per cent to close at 7,335, it added.
