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Investors' wealth tumbles over Rs 4.48 trillion as markets plummet

Investors' wealth tumbled Rs 4.48 trillion during day trade on Friday with the BSE benchmark plummeting 1,488 points tracking weak global trends

Topics
Coronavirus | Coronavirus Vaccine | BSE Sensex

Press Trust of India  |  New Delhi 

bear market, stocks, sensex, nifty, loss, growth, crash, index
The 30-share benchmark index tumbled 1,488.01 points during the day to 57,307.08.

Investors' wealth tumbled Rs 4.48 trillion during day trade on Friday with the BSE benchmark plummeting 1,488 points tracking weak global trends.

The 30-share benchmark index tumbled 1,488.01 points during the day to 57,307.08.

The market capitalization of BSE-listed tanked Rs 4,48,223.31 crore to Rs 2,61,18,730.57 crore during the day.

"Equity have plunged almost 2 per cent amid the emergence of a new, highly mutated (COVID-19) variant. The EU announced a temporary ban of flights from South Africa and few EU countries are already under full lockdown scenario.

"Thus, there is fear of this new variant spreading to other countries which might again derail the global economy," said Hemang Jani, Head of Equity Strategy & Senior Group VP, Broking & Distribution,

Tata Steel, HDFC, IndusInd Bank and Maruti were the biggest laggards, tanking up to 4.2 per cent.

The BSE midcap and smallcap indices were trading up to 2 per cent lower.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, November 26 2021. 13:28 IST
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