Mumbai: Indian equity nvestors become poorer Rs 7.59 lakh crore on Monday. On Monday, the Indian equity markets declined sharply. The BSE Sensex plunged 825.74 points or 1.26% to settle at 64,571.88 points. The escalating tensions in the Middle East is the main reason for this fall.
This is the fourth consecutive session of decline for the benchmark index and in four days, the BSE benchmark has dropped by 1,856.21 points or 2.79%. The market capitalisation of BSE-listed firms fell by Rs 12,51,700.73 crore in four days of market crash to reach Rs 3,11,30,724.40 crore. On Monday alone, the market valuation of the BSE-listed companies plummeted Rs 7,59,041.63 crore.
Also Read: Security forces seizes weapons, ammunition, drugs and cash from militants
The top losers were JSW Steel, Tata Steel, Tata Consultancy Services, Tata Motors, Wipro, IndusInd Bank, HCL Technologies, NTPC, State Bank of India and Larsen & Toubro. A total of 3,196 firms declined while 638 advanced and 156 remained unchanged on the BSE.
The BSE smallcap gauge cracked 4.18% and midcap index dropped 2.51%. All the indices ended lower, with telecommunication plunging 3.82 per cent, industrials falling 3.26%, utilities (3.10%), commodities (3.06%), services (2.99%), realty (2.84%), power (2.69%), consumer discretionary (2.25%), IT (2.14%) and oil & gas (1.88%).
Post Your Comments