Stock mkt slump: Investor wealth dips by Rs 2.45 lakh cr

Investor wealth today diminished by over Rs 2.45 lakh crore amid massive sell-off in the stock market after India carried out "surgical strikes" last night on terror launchpads across LoC.
The benchmark Sensex settled at 27,827.53, lower by 465.28 points, or 1.64 per cent -- its biggest single-day fall since June 24 and weakest closing since August 26 when it closed at 27,782.25.
Following weakness in stocks, the market capitalisation of BSE-listed companies slumped by Rs 2,45,360.72 crore to Rs 1,09,58,658 crore.
"Indian markets saw selling pressure on news that Indian army conducted surgical strikes on terror launch pads at LoC yesterday. Markets may remain under pressure over uncertainty about geopolitical situation between two countries and take wait and watch approach in the short term," said Dinesh Thakkar Chairman & Managing Director, Angel Broking.

It was a sea of red as 29 of the 30 Sensex stocks slumped. Adani Ports lost most by 5.01 per cent. Sun Pharma, ICICI Bank, GAIL, Tata Steel, Lupin, Tata Motors and SBI followed. TCS manged to close in the green, up 0.46 per cent.
Among sectoral indices, realty got the maximum battering, falling 6.31 per cent, followed by power (4.11 per cent), healthcare (3.26 per cent), metal (3.17 per cent), infrastructure (3.15 per cent) and consumer durables (2.84 per cent).
Broader markets stumbled too, with the BSE small-cap index falling 4.02 per cent and mid-cap 3.60 per cent.