Investors lose ₹10 lakh cr as Sensex, Nifty crash nearly 2%; what fuelled sell-off on D-Street?
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 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.