new Delhi: Investors’ wealth fell by over Rs 5.59 lakh crore in three days of market slump as sentiments remained firm amid the Russia-Ukraine conflict and its impact on the global economy.
Continuing the decline for the third day on Friday, the BSE platform closed at 53,887.72 down 1,214.96 points or 2.20 per cent during the day. It closed 768.87 points or 1.40 per cent lower at 54,333.81.
The benchmark index lost 1,913.47 points or 3.40 per cent in three days.
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Tracking the decline in equities, the market capitalization of BSE-listed companies fell by Rs 5,59,623.71 crore to Rs 2,46,79,421.38 crore in three days.
Ajit Mishra, Vice President (Research) of the market said, “Markets ended the week with a sharp cut, reflecting weak global sentiment. After a sharp reaction in early trade, the benchmark broadened in the range eventually around the day’s lows. Settled.” Religare Broking Limited said.
In Friday’s trade, Titan, Maruti Suzuki India, Asian Paints, Mahindra & Mahindra and Hindustan Unilever Ltd were the biggest losers on the Sensex, falling up to 5.05 per cent.
In the broader market, BSE Midcap and Smallcap indices also faced heavy selling, falling up to 2.36 per cent.
All BSE sectoral indices also ended with deep cuts, with auto, metals, consumer discretionary goods and services, consumer durables and realty falling up to 3.40 per cent.
In the previous session, the BSE 30-share index had closed at 55,102.68, down 366.22 points or 0.66 per cent.