Investor wealth erodes by ₹8.8 lakh cr as Sensex, Nifty slump over 1.5%
The BSE midcap and smallcap indices were the worst hit, while the financials, realty and auto sectors also showed significant weakness.
The BSE midcap and smallcap indices were the worst hit, while the financials, realty and auto sectors also showed significant weakness.
The BSE Sensex declined 1,492 points, or 1.87%, to hit a low of 78,233, while the NSE Nifty lost 488 points, or 2%, to 23,816 levels.
The m-cap of BSE-listed companies has fallen to ₹461.06 lakh crore, from ₹478.34 lakh crore at the end of trade on September 26, 2024.
The first trading day of December month started on a strong note, with the Sensex and Nifty rising nearly 0.8% to touch their fresh lifetime highs.
Investors lost nearly ₹3.5 lakh cr in intraday trade on Thursday as BSE Sensex tumbled as much as 929 points
The BSE Sensex and NSE Nifty recorded their fresh all-time high for the fourth session in a row on Tuesday on the back of strong FPI flows.
The market capitalisation of BSE-listed firms hit an all-time high of ₹296.04 lakh crore, breaching its previous high of ₹294.36 touched on June 21.
The equity benchmarks continued their record setting spree on Thursday, wherein Sensex and Nifty recorded fresh all-time highs of 63,583 and 18,887, respectively.
On Monday, Adani Enterprises shares rose 3.3% to close at a fresh all-time high of ₹3,961.15, helping the Adani Group company achieve a market cap of ₹4,51,571.54 crore.
The rally on D-street made investors richer by ₹4 lakh crore as market capitalisation of all BSE-listed stocks rose to ₹273.8 lakh crore.