Investors have lost Rs 8 lakh crore due to the continued decline in the market for the last five days.
New Delhi:
Investors have been poor by over Rs 8 lakh crore in five days of market slump, with equity indices weighing down on widespread selloff amid signs of a global slowdown.
On Tuesday, the Sensex closed at 56,463.15, down 703.59 points or 1.23 per cent, for the fifth consecutive session.
The Sensex has lost 2,984.03 points or 5.01 per cent in the last five trading sessions.
Given the weakness in equities, the market capitalization of BSE-listed firms fell by Rs 8,08,067.6 crore to Rs 2,66,02,728.45 crore in five days.
The continued outflow of foreign funds, inflationary concerns and geopolitical concerns have irked investors.
HDFC and HDFC Bank were the biggest losers in Tuesday’s trade, with the Sensex falling 5.50 per cent and 3.73 per cent, respectively.
Infosys, ITC, Tech Mahindra, HCL Technologies, HUL and Nestle India were among other major laggards.
In the broader market, BSE’s smallcap gauge fell 1.21 per cent and midcap index fell 1.20 per cent.
Foreign institutional investors continued selling shares worth a net Rs 6,387.45 crore on Monday, according to exchange data.