Investors have lost Rs 8 lakh crore as markets continue to fall over the past five days
New Delhi:
Investors have gotten poorer by more than Rs 8 lakh crore in five days of market decline, with stock indices weighted by widespread selling amid bearish global signals.
The Sensex fell for the fifth straight session, finishing 703.59 points or 1.23 percent lower on Tuesday at 56,463.15.
In the past five trading sessions, the Sensex is down 2,984.03 points or 5.01 percent.
The market capitalization of BSE-listed companies followed weakness in stocks and fell by Rs 8,08,067.6 crore to Rs 2,66,02728.45 crore in five days.
Continued outflows of foreign funds, inflation concerns and geopolitical concerns have made investors nervous.
HDFC and HDFC Bank were the biggest barriers to the Sensex in Tuesday’s trading, at 5.50 percent and 3.73 percent, respectively.
Infosys, ITC, Tech Mahindra, HCL Technologies, HUL and Nestle India were among the other big laggards.
In the broader market, the BSE small-cap index fell by 1.21 percent and the mid-cap index by 1.20 percent.
Foreign institutional investors continued their sell-off, selling shares worth a net Rs 6,387.45 crore on Monday, according to data from the exchange.
