Investor assets fell Rs 4.82 due to a plunge in the market on Thursday, with BSE Sensex surpassing 1,150 points.
The 30-share benchmark rose 1,158.63 points (1.89%) and closed at 59,984.70. During the day, it fell by 1,365.75 points or 2.23 percent to 59,777.58.
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The market capitalization of all BSE-listed companies decreased by 4,82,324.47 rupees to 2,60,48,949.80 rupees.
“Before policy updates from the European Central Bank, bears continue to dominate the domestic index, which tracks clues from weak markets in Asia and Europe. Global investors will see the results of the Fed’s meeting later that day. We are waiting for the US GDP data to be released, scheduled for next week.
Vinod Nair, Head of Research at Geojit Financial Services, said:
In the broader market, the BSE Midcap and Smallcap Index fell by up to 1.56 percent.
ITC was the biggest delay in the Sensex pack, down 5.54%, followed by ICICI Bank, Kotak Bank, Axis Bank, Titan, SBI and HDFC Bank.
Siddhartha Kemka, Head of Retail Research at Motiral, said: Oswar Financial Services.
Investor wealth will be eroded at Rs 482,000 when the market crashes
https://www.zeebiz.com/market-news/news-investor-wealth-erodes-by-rs-482-lakh-cr-as-markets-crash-169260 Investor wealth will be eroded at Rs 482,000 when the market crashes