Admin Reporter- Pooja

Jul 08 2019

Over Rs 3 lakh crore investor wealth eroded as stock market plunges

Monday, 8 July 2019

Investors' wealth on July 8 got eroded by Rs 3.39 lakh crore after the Sensex plummeted 793 points amid the Union Budget overhang and heavy sell-off in global equities.Intra-day, the 30-share BSE benchmark index fell sharply by 907.91 points to 38,605.48. It closed at 38,720.57, down 792.82 points, or 2.01 percent.




Led by the sharp sell-off in equities, the market capitalisation of the BSE-listed companies dropped by Rs 3,39,192.97 crore to Rs 1,47,96,302.89 crore.In the previous two sessions, the market capitalisation of BSE-listed firms plummeted Rs 5,61,772.64 crore. The index had dropped 394.67 points on Friday.

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