NEW DELHI: As the marketplace rout endured for the third straight session on Wednesday, investor wealth eroded via Rs 3.62 lakh crore in three trading days.
Market benchmark BSE Sensex fell additional via 169.45 issues to finish at a close to two-month low of 37,121.22, extending losses for the third straight session Wednesday. The index tanked 970 issues or greater than 2.5 in keeping with cent since Monday, in large part hit via rupee woes and escalating industry tensions between america and China.
Led via losses in stocks, the marketplace capitalisation of BSE indexed corporations eroded via Rs 3,62,357.15 crore to Rs 1,52,73,265 crore since Friday.
Market analysts said that industry warfare escalation issues between US and China + , increasing crude oil costs + and depreciating rupee in opposition to the greenback + have dampened sentiments.
"Despite favourable global cues and recovery in rupee, the domestic market continued to witness selling pressure due to higher oil price and yield," said Vinod Nair, Head of Research, Geojit Financial Services Ltd.
From the 30-share basket, 16 stocks fell, while 14 ended with features. IndusInd Bank, Maruti Suzuki India, HDFC Bank, YES Bank and HDFC had been the worst performers.
Coal India Ltd, ONGC, Tata Steel and Hero MotoCorp led the gainers pack.
At the BSE, 1,704 stocks declined, while 968 advanced and 173 remained unchanged.
As many as 180 stocks hit their 52-week low ranges on BSE on Wednesday.
Market benchmark BSE Sensex fell additional via 169.45 issues to finish at a close to two-month low of 37,121.22, extending losses for the third straight session Wednesday. The index tanked 970 issues or greater than 2.5 in keeping with cent since Monday, in large part hit via rupee woes and escalating industry tensions between america and China.
Led via losses in stocks, the marketplace capitalisation of BSE indexed corporations eroded via Rs 3,62,357.15 crore to Rs 1,52,73,265 crore since Friday.
Market analysts said that industry warfare escalation issues between US and China + , increasing crude oil costs + and depreciating rupee in opposition to the greenback + have dampened sentiments.
"Despite favourable global cues and recovery in rupee, the domestic market continued to witness selling pressure due to higher oil price and yield," said Vinod Nair, Head of Research, Geojit Financial Services Ltd.
From the 30-share basket, 16 stocks fell, while 14 ended with features. IndusInd Bank, Maruti Suzuki India, HDFC Bank, YES Bank and HDFC had been the worst performers.
Coal India Ltd, ONGC, Tata Steel and Hero MotoCorp led the gainers pack.
At the BSE, 1,704 stocks declined, while 968 advanced and 173 remained unchanged.
As many as 180 stocks hit their 52-week low ranges on BSE on Wednesday.
Market rout wipes out Rs 3.62 lakh crore of investors' wealth in 3 days
![Market rout wipes out Rs 3.62 lakh crore of investors' wealth in 3 days]()
Reviewed by Kailash
on
September 19, 2018
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