Investors' Wealth Wiped Out: Market Crashes Trigger Economic Alarm
Investors have lost Rs 8.67 lakh crore due to a steep 1.52% fall in the equity market. Heavy foreign fund outflows and massive stock sell-offs, alongside global uncertainties and stalled US-India trade talks, have pressured the market further, impacting major indices like Sensex and Nifty.
- Country:
- India
The market turbulence over the past two days has significantly eroded investors' wealth, with a colossal Rs 8.67 lakh crore wiped out. The benchmark Sensex plunged 1.52%, hit by relentless foreign fund outflows and aggressive selling, especially in financial and IT stocks.
This market downfall has seen the 30-share BSE Sensex dip by 1,263.55 points or 1.52%, between sharp sell-offs and tepid corporate results. The market's capitalization has been severely affected, dropping to Rs 4,51,67,858.16 crore, equivalent to USD 5.22 trillion.
Industry experts point to global uncertainties and ongoing US-India trade stalemates as prime factors. Analysts indicate the elevated valuations in large-cap stocks and significant net short positions by Foreign Institutional Investors (FIIs) as exacerbating the downtrend.
(With inputs from agencies.)
ALSO READ
Indian Markets Struggle Amid Global Uncertainties and Mixed Cues
Surge in Indian Stock Market Investors Despite Global Uncertainties
Foreign Investors Flee Indian Equities Amid Trade Tensions
RBI Holds Steady: Balancing Inflation and Growth Amid Global Uncertainties
Gold Shines Brighter Amid Global Uncertainties
Google News