In the first eight months of 2019, 70 per cent stocks in the BSE 500 universe were down. Stocks in the BSE 500 universe account for 94 per cent of India's total market capitalisation
The gauge had lost 550.51 points on Wednesday on rupee woes and surging crude oil prices
Investor wealth saw an erosion of Rs 2.68 lakh crore today dragged down by massive selling in the stock market where the BSE benchmark index tumbled 448 points. Following extreme weakness in stocks, market capitalisation of BSE-listed companies slumped Rs 2,68,853.7 crore to Rs 1,33,40,008 crore. The 30-share index settled lower by 447.60 points, or 1.38 per cent -- its biggest single-day fall since November 15 last year -- at 31,922.44. The loss was the largest in nearly ten months. Tata Steel was the top Sensex loser, skidding 4.70 per cent to close at Rs 654.55, followed by L&T, which fell 3.49 per cent. Others that weighed included Reliance Industries and ICICI Bank. BSE realty melted the most by 4.29 per cent. Metal, capital goods and power too added to the weakness. On BSE, 2,139 stocks declined, while 484 advanced and 138 remained unchanged. "The markets saw a sell-off of over 1 per cent which in our opinion is on account of weak global cues which in turn ..