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Investors' wealth plunges Rs 1.67 lakh cr as stocks tumble

Press Trust of India  |  New Delhi 

Investors' wealth Friday eroded by Rs 1.67 crore following a sharp sell-off in the broader market where the BSE index plummeted nearly 425 points.

The 30-share Sensex cracked 424.61 points, or 1.15 per cent, to close at 36,546.48.

Following the weak sentiment, the market capitalisation of BSE- listed companies dropped Rs 1,67,594.92 crore to Rs 1,41,07,190.48 crore.

"Market slid as renewed worries over global trade and profit booking in the domestic market after the solid performance in the last one week due to interim budget and RBI policy," Vinod Nair, head of research, said.

From the 30-share pack, 25 stocks ended with losses where took the steepest hit of 17.28 per cent.

Sectorally, the BSE plunged 3.42 per cent, while the auto gauge shed 3.37 per cent.

On the BSE, 1,616 stocks declined and 923 advanced, while 111 remained unchanged.

Also, 321 stocks hit their 52-week low.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 08 2019. 19:22 IST