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Market capitalization of companies slip by Rs 5.47 lakh crore

Mumbai: Market capitalization of BSE-listed firms slipped down  by Rs  5,47,410.81 crore to Rs  2,46,36,948.05 crore on Monday. BSE Sensex  plunged  1,568.46 points to 52,734.98 in early trade. NSE Nifty slumped 451.9 points to 15,749.90. Foreign institutional investors (FIIs) remained net sellers in the equity  market, as they sold shares worth Rs 3,973.95 crore.

Also Read; Commodity Market: Gold price edges lower 

Elsewhere in Asia, markets in Seoul, Tokyo, Hong Kong and Shanghai were trading with deep cuts.

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