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Investor wealth declines by Rs 2.36 trn as domestic markets close in red

The 30-share BSE Sensex tanked 633.76 points or 1.63 per cent to close at 38,357.18. During the day, it tumbled 741.17 points to 38,249.77

Topics
Market news | investor wealth falls | Investor wealth

Press Trust of India  |  New Delhi 

markets, stock market, market down
Among the 30 frontline companies, Axis Bank was the biggest loser, declining 4.07 per cent, followed by Tata Steel, SBI, NTPC, Bharti Airtel, ITC and ICICI Bank.

declined by Rs 2.36 lakh crore on Friday as domestic equity closed deep in the red amid a global selloff.

The 30-share BSE Sensex tanked 633.76 points or 1.63 per cent to close at 38,357.18. During the day, it tumbled 741.17 points to 38,249.77.

Following the massive selloff, the market capitalisation of BSE-listed companies plummeted Rs 2,36,937.69 crore to reach Rs 1,54,50,052.37 crore.

"A selloff in US technology stocks had a cascading effect on global and Indian benchmark indices reacted to this and closed with losses," said Vinod Nair, Head of Research at Geojit Financial Services.

Among the 30 frontline companies, Axis Bank was the biggest loser, declining 4.07 per cent, followed by Tata Steel, SBI, NTPC, Bharti Airtel, ITC and ICICI Bank.

Maruti was the lone gainer from the 30-share pack.

All sectoral indices closed with losses, with BSE metal, power, telecom, realty, bankex and utilities indices falling up to 2.99 per cent.

In the broader market, the BSE mid-cap and small-cap indices declined as much as 1.74 per cent.

On the BSE, 1,722 companies declined, 1,003 advanced and 188 remained unchanged.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, September 04 2020. 20:44 IST
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