STOCK MARKET BSE NSE

Investor wealth tumbles Rs 9.74 lakh crore in two days amid coronavirus scare

At the close of trade on Tuesday, the market capitalisation of BSE-listed companies was at Rs 1,19,52,066.11 crore.

Published: 17th March 2020 08:01 PM  |   Last Updated: 17th March 2020 08:01 PM   |  A+A-

Sensex, stocks, market, stock market

A broker reacts while watching the stocks nosedive. (Photo | PTI)

By PTI

NEW DELHI: Investor wealth dropped by Rs 9.74 lakh crore in two days of market fall this week triggered by weak global trends and fears of coronavirus hitting the overall economy.

In two days, investors have lost Rs 9,74,176.71 crore wealth.

At the close of trade on Tuesday, the market capitalisation of BSE-listed companies was at Rs 1,19,52,066.11 crore.

Fag-end selling pulled down the BSE's key bellwether index by 810.98 points or 2.58 per cent on Tuesday.

Markets erased all its early gains, tracking weak global cues and finally closed at 30,579.09.

ALSO READ | No impact on Indian economy due to COVID-19, says Mos Finance Anurag Thakur

On Monday, the key index had plummeted 2,713.41 points or 7.96 per cent.

"The Indian markets continued to plummet on Tuesday tracking weak global cues. The markets across the globe are witnessing high volatility and the recent stimulus measures have failed to assuage the investor fears."

"On the domestic front, the markets will continue to follow the global cues and therefore further downside cannot be ruled out in the near-term," according to Ajit Mishra, VP - Research, Religare Broking Ltd.

Among the 30-share pack, 21 companies closed the day with losses led by ICICI Bank, IndusInd Bank, Bajaj Finance, HDFC and Infosys, tumbling up to 8.95 per cent.

From the broader market, the BSE midcap and smallcap fell by 1.84 per cent and 2.27 per cent, respectively.

A total of 1,650 companies declined, while 779 advanced and 166 remained unchanged on BSE.

As many as 539 companies hit their one-year low mark on Tuesday.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp