Market sell-off: Investors poorer by over Rs 13.3 trn in four days

Lack of fresh positive cues is forcing investors to dump equities and switch to safer havens like gold, says an expert

A four-day decline in stocks has wiped out over Rs 13.32 lakh crore from the market capitalisation of BSE-listed firms.

Sliding for the fourth straight session, the BSE Sensex shed 276.46 points or 0.51 per cent to close at 54,088.39 on Wednesday.
 

In four days, the benchmark has lost 1,613.84 points or 2.89 per cent.

Tracking the weak trend in equities, the market capitalisation of BSE-listed firms tanked Rs 13,32,898.99 crore in four sessions to stand at Rs 2,46,31,990.38 crore.

"Lack of fresh positive cues is forcing investors to dump equities and switch to safer havens like gold, etc. Although the larger texture