Mumbai: Indian equity investors’ investors’ wealth plunged Rs 17.77 lakh crore in last 6 days. Indian equity benchmark indices declined in the last 6 trading sessions.
Yesterday, BSE Sensex declined 900.91 points or 1.41% to settle at 63,148.15 . Since October 17, the BSE Sensex tumbled 3,279.94 points or 4.93%. The ongoing Hamas-Israel conflict and sustained foreign fund outflows are the main reason for this.
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The market capitalisation of BSE-listed companies plunged by Rs 17,77,622.41 crore to Rs 3,06,04,802.72 crore during this period. A total of 2,232 firms declined, while 1,426 advanced and 142 remained unchanged on the BSE.
Mahindra & Mahindra was the biggest laggard in the Sensex pack, falling 4.06%. It is followed by Bajaj Finance, Asian Paints, Bajaj Finserv, Nestle, Titan, JSW Steel, Tech Mahindra, HDFC Bank, Tata Motors and Larsen & Toubro. The top gainers were Axis Bank, ITC, HCL Technologies, NTPC and IndusInd Bank.
In the broader market, the BSE midcap gauge fell 1.06% and the smallcap index declined 0.32%. Among the indices, auto dropped 1.81%, oil & gas slipped 1.54%, metal (1.54%), financial services (1.46%), consumer discretionary (1.41%), consumer durables (1.41%), telecommunication (1.25%), realty (1.22%) and tech (1.16%). Utilities and power were the gainers.
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