Investors’ wealth fell by over Rs 4.48 lakh crore as market

Investors’ wealth fell by over Rs 4.48 lakh crore as market

Investors’ wealth fell by Rs 4.48 trillion in day’s trade on Friday with the BSE benchmark tracking weak global trends falling 1,488 points.

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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