Investors' wealth tumbles by over Rs 5.24 trn in two-day market sell-off

On Wednesday, Infosys was biggest drag among the 30-stocks frontline companies pack, declining by 2.77%

Investors' wealth has eroded by Rs 5.24 trillion in last two days as markets saw a hectic sell-off on Wednesday as well.

The BSE Sensex plunged 656.04 points or 1.08 per cent to settle at 60,098.82. The 30-share index had tanked 554.05 points or 0.90 per cent on Tuesday.

The market capitalisation of BSE-listed companies tumbled by Rs 5,24,647.66 crore to Rs 2,74,77,790.05 crore in two days.

The market capitalisation of BSE-listed firms had reached a lifetime high of Rs 2,80,02,437.71 crore on Monday.

"Markets traded under pressure and lost a per cent, in continuation to the previous session's fall. The benchmark opened flat