Investors lose ₹8.5 lakh crore wealth owing to bearish market trend

Investor’s wealth tanked by ₹8.5 lakh crores owing to a tensed market for five straight days. The Sensex was down by 5% since the beginning of last week leading to market turmoils.

Following a similar trend, 30-share Sensex dropped 536.58 points or 1.46 percent to close at 36,305.02 today. BSE benchmark index slipped 1,785.62 points or 4.68% in the previous week witnessing a fall till 1500 points in one of the intra-day trade.

The Market Capitalisation of companies listed in BSE plummeted ₹8,47,974.15 crore to ₹1,47,89,045 crore. 

Despite of assurance by Arun Jaitley, Reserve Bank of India and Securities and Exchange Board of India to support NBFCs, the market continued to fell sharply triggering to a skeptical behavior in investors.

Only 538 shares listed in BSE advanced while 2,111 dreaded leaving the rest 168 unchanged. In the Monday trade, 470 stocks touched their 52-week low.

In Stocks, Mahindra & Mahindra dreaded the most by 6.46% followed by HDFC down 6.22% and IndusInd Bank down 4.94%.

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