Investors' wealth tumbled Rs 10.98 lakh crore on Monday as markets crashed due to an across-the-board selloff amid concerns over third-quarter earnings growth and foreign fund exodus.
The 30-share BSE benchmark Sensex tanked 1,258.12 points or 1.59 per cent to close below the 78,000 level at 77,964.99. During the day, it plunged 1,441.49 points or 1.81 per cent to 77,781.62.
The NSE Nifty slumped 388.70 points or 1.62 per cent to 23,616.05.
The market capitalization of BSE-listed firms dived Rs 10,98,723.54 crore to Rs 4,38,79,406.58 crore (USD 5.11 trillion).
From the 30-share blue-chip pack, Tata Steel, NTPC, Kotak Mahindra Bank, Power Grid, Zomato, Adani Ports, IndusInd Bank, Asian Paints, ITC and Reliance Industries were among the biggest laggards.
This story is from the January 07, 2025 edition of The Business Guardian.
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This story is from the January 07, 2025 edition of The Business Guardian.
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