Wednesday, Aug 05, 2020 | Last Update : 07:50 PM IST

133rd Day Of Lockdown

Maharashtra45795629935616142 Tamil Nadu2682852087844349 Andhra Pradesh176333956251604 Karnataka145830692722704 Delhi1391561252264033 Uttar Pradesh100310572711817 West Bengal80984568841785 Telangana6894649675563 Gujarat65704485612529 Bihar6203140760349 Assam4816233429115 Rajasthan4667932832732 Haryana3779631226448 Odisha3768124483258 Madhya Pradesh3508225414912 Kerala279561629988 Jammu and Kashmir2239614856417 Punjab1901512491462 Jharkhand140705199129 Chhatisgarh10109761369 Uttarakhand8008484795 Goa7075511460 Tripura5520367528 Puducherry4147253758 Manipur301818147 Himachal Pradesh2879171013 Nagaland24056594 Arunachal Pradesh179011053 Chandigarh120671520 Meghalaya9173305 Sikkim7832971 Mizoram5022820
  Business   Market  17 Jun 2019  Investor wealth erodes by over Rs 2 lakh cr as stocks plummet

Investor wealth erodes by over Rs 2 lakh cr as stocks plummet

PTI
Published : Jun 17, 2019, 6:15 pm IST
Updated : Jun 17, 2019, 6:15 pm IST

The market capitalisation of BSE-listed companies dropped by Rs 2,00,258.81 crore to Rs 1,50,09,329.19 crore.

Concerns over advancement of monsoon and geo-political issues also played spoilsport for the market.
 Concerns over advancement of monsoon and geo-political issues also played spoilsport for the market.

New Delhi: Investor wealth eroded by over Rs 2 lakh crore on Monday after the BSE benchmark index tanked over 491 points following weak sentiments in the broader market.

The BSE Sensex plunged 491.28 points, or 1.25 per cent, to close at 38,960.79 amid fears that India's retaliatory tariffs on US goods could open new trade war front.

 

Led by the selling in equity market, the market capitalisation (m-cap) of BSE-listed companies dropped by Rs 2,00,258.81 crore to Rs 1,50,09,329.19 crore.

"The fear of defaults creating a contagion effect that could further enhance the liquidity crunch, escalation of tensions on trade front and expensive valuations might have led to the culmination of Indian benchmarks," said Jateen Trivedi, Technical Research Analyst, Bonanza Portfolio Ltd.

Concerns over advancement of monsoon and geo-political issues also played spoilsport for the market.

"Markets are currently facing headwinds from both domestic and global front, citing delay in arrival of monsoon, lingering geo-political tension and rebound in the crude oil prices," Jayant Manglik, President - Retail Distribution, Religare Broking Ltd.

 

Jagannadham Thunuguntla, Sr VP and Head of Research (Wealth), Centrum Broking said, "Indian markets had rough day, as market has been finding it difficult to sustain at elevated levels on the back of muted corporate earnings, slow monsoon season, continuous corporate defaults and developing concerns of India-US trade disagreements."

All BSE sectoral indices ended with losses on Monday with metal, energy and oil and gas indices closing up to 3 per cent lower.

From the 30-share pack, 27 scrips ended with losses, led by Tata Steel, Vedanta Ltd, Tata Motors and AXIS Bank Ltd.

At the BSE, 1,879 companies declined, while 685 advanced and 131 remained unchanged.

 

In the broader market, the BSE mid-cap and small-cap indices also dropped up to 1.35 per cent.

Tags: market capitalisation, m-cap, bse, nse, sensex, nifty, national stock exchange, bombay stock exchange
Location: India, Delhi, New Delhi