GET Stock QuotesNews18 APP
News18 English

Madhya Pradesh

Rajasthan

Poll in 1 seat deferred

Chhattisgarh

Telangana

Mizoram

»
1-min read

Markets in Free Fall, Investors Lose Rs 4.30 Lakh Crore in 5 Days

The 30-share index Sensex slipped into a negative zone towards the fag-end to hit a low of 33,209.76 as participants booked profits at improved levels.

PTI

Updated:March 6, 2018, 9:49 PM IST
facebookTwittergoogleskypewhatsapp
Markets in Free Fall, Investors Lose Rs 4.30 Lakh Crore in 5 Days
Image for representation. (Reuters)
Loading...
New Delhi: As much as Rs 4.30 lakh crore of investors' money has been wiped out in the last five trading sessions, with Rs 1.54 lakh crore eroding on Tuesday. The BSE benchmark Sensex on Tuesday nosedived nearly 430 points to close at a nearly three-month low of 33,317 after bank stocks came under heavy selling pressure despite positive global cues.

The 30-share index Sensex slipped into a negative zone towards the fag-end to hit a low of 33,209.76 as participants booked profits at improved levels. Following the bearish trend in the broader market, the market capitalisation of BSE listed companies fell to Rs 1,44,20,606 crore at the end of today's trading session, from Rs 1,45,75,054.23 crore on Monday.

Overall, in the last five straight sessions, the index has lost nearly 1,129 points. Led by a continuous sell-off, the market capitalisation of BSE-listed companies plummeted by Rs 4,30,042.5 crore to Rs 1,44,20,606 crore in five trading sessions.

"Consolidation continues led by broad selling across all sector. Market has broken yesterday’s low while banks continue to struggle due to NPA issue, higher bond yield & cost of funds. Investors are little nervous to start accumulating and are waiting for major triggers to get direction," said Vinod Nair, Head of Research, Geojit Financial Services Ltd.
(Get detailed and live results of each and every seat of the state Assemblies in Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you put on the psephologist's hat. Know interesting facts and trivia about the elections. Elections = News18)
| Edited by: Tarun Bhardwaj
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 185.10 4.08
Reliance 1,093.75 -0.35
Kotak Mahindra 1,235.55 1.38
Sun Pharma 427.40 1.21
Indiabulls Hsg 717.90 3.61
Company Price Change %Gain
ICICI Bank 346.70 1.15
Yes Bank 185.10 4.34
Reliance 1,093.55 -0.24
Bajaj Finance 2,481.50 2.06
Sun Pharma 427.40 1.33
Top Gainers
Company Price Change %Gain
Hero Motocorp 3,207.00 5.54
Tata Motors 165.50 4.68
Yes Bank 185.10 4.08
Indiabulls Hsg 718.00 3.62
Bajaj Auto 2,831.70 3.36
Company Price Change %Gain
Hero Motocorp 3,201.60 5.47
Tata Motors 165.40 4.55
Yes Bank 185.10 4.34
Bajaj Auto 2,830.35 3.08
Tata Steel 516.70 3.01
Top Losers
Company Price Change %Gain
Dr Reddys Labs 2,568.45 -5.44
Titan Company 922.25 -1.17
HPCL 217.65 -1.11
Bharti Infratel 251.60 -0.61
Reliance 1,093.75 -0.35
Company Price Change %Gain
Reliance 1,093.55 -0.24
Infosys 673.80 -0.07

Live TV

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