 "broker")
Investors have lost a whopping amount of Rs 10 trillion in the stock market in past three trading sessions post Budget 2018-19, with over Rs 4.8 trillion being wiped out in Tuesday’s trade so far.
Total investor wealth, measured in terms of cumulative market value of all listed stocks on BSE, fell by Rs 10 trillion in past three trading sessions to Rs 143 trillion at 11:07 AM; the exchange data shows.
The market capitalization (market-cap) stood at Rs 153 trillion on February 1, 2018, when Finance Minister Arun Jaitley presented the Budget in parliament. The government proposed to levy 10% long term capital gains tax (LTCG) on sale of equity investments.
The total market valuation of all listed firms on BSE had hit a record high level of Rs 156.57 trillion levels on January 23, 2018.
Currently, the S&P BSE Sensex was quoting at 33,737, down 6% or 2,170 points from 35,907 levels on Thursday. The index hit intra-day low of 33,483, its lowest level since December 18, 2017.
Total investor wealth, measured in terms of cumulative market value of all listed stocks on BSE, fell by Rs 10 trillion in past three trading sessions to Rs 143 trillion at 11:07 AM; the exchange data shows.
The market capitalization (market-cap) stood at Rs 153 trillion on February 1, 2018, when Finance Minister Arun Jaitley presented the Budget in parliament. The government proposed to levy 10% long term capital gains tax (LTCG) on sale of equity investments.
The total market valuation of all listed firms on BSE had hit a record high level of Rs 156.57 trillion levels on January 23, 2018.
Currently, the S&P BSE Sensex was quoting at 33,737, down 6% or 2,170 points from 35,907 levels on Thursday. The index hit intra-day low of 33,483, its lowest level since December 18, 2017.
