बाजार में मंदी के कारण निवेशकों की संपत्ति से 2.91 लाख करोड़ रुपये कम हो गए।

बाजार में मंदी के कारण निवेशकों की संपत्ति से 2.91 लाख करोड़ रुपये कम हो गए।

Market downturn results in a depletion of Rs 2.91 lakh crore from investors' wealth.

On Monday, investors witnessed a decrease in wealth by Rs 2.91 lakh crore as the BSE benchmark Sensex experienced a significant drop of nearly 1%, influenced by a subdued trend in global markets.

  • Business
  • 271
  • 08, Jan, 2024
Jyoti Ahlawat
Jyoti Ahlawat
  • @JyotiAhlawat

बाजार में मंदी के कारण निवेशकों की संपत्ति से 2.91 लाख करोड़ रुपये कम हो गए।

On Monday, investors witnessed a depletion of Rs 2.91 lakh crore in their wealth as the BSE benchmark Sensex experienced a significant drop of almost 1 % amidst a subdued global market trend. The 30-share BSE Sensex plummeted by 670.93 points or 0.93%, settling at 71,355.22. Throughout the day, it recorded a decline of 725.11 points or 1%, reaching 71,301.04.

The market capitalization of BSE-listed companies saw a decline of Rs 2,91,756.23 crore, settling at Rs 3,66,40,965.08 crore. "Investors expressed concerns across Asian and European markets, as the US bond yields surpassed 4 % again, triggering a significant correction in domestic equities. With escalating valuations causing apprehension, investors opted for profit-taking, particularly due to weaknesses in banking, IT, and oil & gas stocks, leading to the Sensex closing below the 72,000 mark," commented Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd.

Market downturn results in a depletion of Rs 2.91 lakh crore from investors' wealth.

Jyoti Ahlawat

Jyoti Ahlawat

  • @JyotiAhlawat