Buzz Update D-Street investors lost over ₹ 3.39 trillion as markets collapsed TOU

Buzz Update D-Street investors lost over ₹ 3.39 trillion as markets collapsed

 TOU

D-Street investors lost over ₹ 3.39 trillion as markets collapsed

The BSE benchmark index was down 1,291.93 points at 57,047 in the morning trade after a weak start.

The Sensex fell 1,291.93 points and investor wealth fell by more than ₹ 3.39 lakh crore in trading on Monday morning as equity markets moved into tailspin.

The BSE benchmark index was down 1,291.93 points at 57,047 in the morning trade after a weak start.

Keeping track of the weak trend in equities, the market capitalization of BSE-listed companies fell to 3,39,088.04 crore to ₹ 2,68,63,975.53 crore.

“In the near term, the market is getting stronger. Sentiments around the world are negative, with the dollar index hovering above 100, the 10-year yield over 2.8 per cent and the Ukraine war projected to weaken the world economy.

According to VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, “On the return home in India, Infosys’ results were worse than expected, despite rising growth prospects and weaker margins.”

Out of the 30-share pack, Infosys, Tech Mahindra, HDFC Bank and HDFC Bank are the major culprits.

In contrast, NTPC, Tata Steel, HUL and M&M gained.

In Asia, markets traded lower as Seoul, Shanghai and Tokyo were quoted in red.

International oil benchmark Brent crude rose 0.62 percent to $ 112.39 a barrel.

Foreign institutional investors continued to offload shares worth 2,061.04 crore on Wednesday, according to exchange data.

Stock markets were closed on Friday due to Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti on Thursday, as well as Good Friday.

Published

April 18, 2022

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