Investor wealth plummets over Rs 4 lakh cr in 3 days of market fall
Investor wealth plunged over Rs 4 lakh crore in three days of market fall amid weak global trends and muted domestic sentiments.
Stock markets extended their losses for a third straight day with cumulative losses of 3.05 per cent or 1,184.15 points since July 18.
The 30-share index on Monday cracked 305.88 points or 0.80 per cent to settle at 38,031.13, a level not seen since May 17.
Led by losses in the equity market, the market capitalisation of the BSE-listed companies eroded by Rs 4,37,602.4 crore to Rs 1,44,76,204.02 crore in three days.
"Indian markets continued their losing streak on Monday led by muted domestic sentiments and unsupportive global cues. With lack of any fresh positive domestic triggers and uncertain global cues, we maintain our cautious stance on the Indian equity markets. We expect stock specific volatility to remain high in the coming sessions, as the markets are likely to be driven by the on-going earnings season," said Ajit Mishra, vice-president (research),