US-Iran tensions: Investors become poorer by over Rs 3 trn in 2 days

Investor wealth tumbled by a whopping Rs 3.36 trillion in two successive sessions of decline in the equity market following escalation in tensions in West Asia.

The equity markets fell for a second consecutive session, with the 30-share key BSE index plummeting 787.98 points, or 1.90 per cent, to close at 40,676.63, on Monday. During the trade, it dropped 850.65 points to 40,613.96.

The Sensex had ended 162.03 points, or 0.39 per cent, lower at 41,464.61 on Friday as well. 

Led by the weakness in equities in two consecutive trading sessions, the market capitalisation of BSE-listed companies plunged by Rs 336,559.82 crore to