LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

As Market Continues to Tumble, Investors Lose Rs 2.72 Lakh Crore in Two Days

Flaring up of trade tariff tensions between the US and China and weakness in the rupee have also added to weak investor sentiment.

PTI

Updated:September 18, 2018, 8:05 PM IST
facebookTwittergoogleskypewhatsapp
As Market Continues to Tumble, Investors Lose Rs 2.72 Lakh Crore in Two Days
Representative image
Loading...
New Delhi: Stock investors became poorer by Rs 2.72 lakh crore in two days of market fall, which saw the BSE benchmark index diving almost 800 points.

Market benchmark BSE Sensex on Tuesday tumbled by about 295 points or 0.78 per cent to close at 37,290.67 due to increasing crude oil prices and mounting trade tension. It had lost 505.13 points or 1.33 per cent on Monday as rupee woes and trade war worries spooked investors.

Led by the sharp fall in stocks, the market capitalisation (m-cap) of BSE-listed companies plunged Rs 2,72,549.15 crore to Rs 1,53,64,470 crore since Friday. "Selling pressure increased on the bourses due to spike in oil prices," said Vinod Nair, head of research, Geojit Financial Services Ltd.

Flaring up of trade tariff tensions between the US and China and weakness in the rupee have also added to weak investor sentiment. From the 30-share basket, 24 stocks ended with losses led by SBI, Tata Motors, Bajaj Auto and Axis Bank.

At the BSE, 1,805 stocks declined, while 881 advanced and 162 remained unchanged Tuesday. As many as 140 stocks hit their respective 52-week low levels.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 208.35 2.64
Jet Airways 269.70 -8.17
Zee Entertain 452.10 -1.03
Reliance 1,135.90 0.55
Infosys 736.80 1.40
Company Price Change %Gain
HDFC Bank 2,120.00 -0.05
Yes Bank 208.35 2.66
Jet Airways 271.00 -7.95
Natco Pharma 679.90 -1.68
Graphite India 752.50 8.33
Top Gainers
Company Price Change %Gain
Yes Bank 208.35 2.64
Indiabulls Hsg 829.60 2.57
IndusInd Bank 1,526.70 2.11
Wipro 336.55 2.05
BPCL 347.25 1.62
Company Price Change %Gain
Yes Bank 208.35 2.66
IndusInd Bank 1,526.90 2.02
Infosys 736.55 1.38
ICICI Bank 375.10 0.68
ONGC 146.00 0.62
Top Losers
Company Price Change %Gain
JSW Steel 286.45 -1.93
Bharti Infratel 275.85 -1.39
Bajaj Finance 2,569.85 -1.32
Vedanta 196.30 -1.31
UPL 766.10 -1.27
Company Price Change %Gain
Bharti Airtel 333.00 -1.38
Vedanta 196.25 -1.33
Asian Paints 1,389.00 -1.21
HCL Tech 937.35 -1.02
Bajaj Finance 2,572.95 -1.01

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results