New Delhi: Investors’ wealth has declined by Rs 5,31,261.2 crore in two days of decline in equity markets amid bearish trend overseas.
The 30-share BSE benchmark Sensex closed 524.96 points or 0.89 per cent lower at 58,490.93 on Monday, slipping for the second consecutive session. It closed 626.2 points lower at 58,389.69 during the day.
In the previous session, the index had closed at 59,015.89, down 125.27 points or 0.21 per cent.
Following a weak trend, the market capitalization of BSE-listed companies fell by Rs 5,31,261.2 crore to Rs 2,55,47,093.92 crore in two days.
Vinod Nair said, “Following high volatility and weak global sentiments, the domestic market turned bearish with metals and PSU banks. Global markets traded negative as investors remain cautious ahead of several central bank policy meetings scheduled for this week. Were.” Head of Research at Geojit Financial Services.
Tata Steel was the biggest loser on the Sensex chart, falling 9.53 per cent, followed by SBI, IndusInd Bank and HDFC.
Conversely, HUL, Bajaj Finserv, ITC, HCL Tech, Nestle India, Bajaj Finance and RIL settled with gains.
Sector-wise, BSE Metal, Basic Materials, Realty, Power and Utilities indexes fell up to 6.80 per cent, while FMCG closed with gains.
In the broader market, the BSE Midcap and Smallcap indices fell up to 1.84 per cent.
“Indian markets are finally seeing a short break, largely driven by panic in global markets.
Milind Muchala, executive director of Julius Baer, said: “Two key factors playing on the minds of global investors include the upcoming Fed meeting and the build-up of uncertainty in the Chinese real estate market, which has been straining one of the country’s major property players. Is.” said.
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