Investors’ wealth fell by over Rs 4.48 lakh crore as market
The 30-share benchmark index fell 1,488.01 points to 57,307.08 during the day.
The market capitalization of the BSE-listed rose to Rs 2,61,18,730.57 crore from Rs 4,48,223.31 crore during the day.
“Equity markets are down about 2 per cent amid the emergence of a new, highly mutated coronavirus (COVID-19) variant. The EU announced a temporary ban on flights from South Africa and some EU countries already Only in complete lockdown scenario.
“Thus, there is a fear of this new variant spreading to other countries which may again derail the global economy,” said Hemang Jani, Equity Strategy and Senior Group VP, Broking & Distribution, Motilal Oswal Financial Services.
Tata Steel, HDFC, IndusInd Bank and Maruti were the biggest losers up to 4.2 per cent.
BSE Midcap and Smallcap indices were trading with a fall of up to 2 per cent.
(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is generated automatically from a syndicated feed.)
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