Live
- Nizamabad MP Dharmapuri Arvind and Jagtial MLA Dr. Sanjay Kumar Meet CM Revanth Reddy
- Hyderabad CP CV Anand Issues Stern Warning to Bouncers
- MP Laxman Criticizes Police Conduct, Calls for Support for Victims' Families
- Fire Breaks Out in Kachiguda-Chennai Egmore Express, Passengers Evacuated Safely
- CM Revanth Reddy Condemns Attacks on Film Personalities' Homes, Calls for Strict Action
- Victory Venkatesh and Nandamuri Balakrishna to Set Screens on Fire with Unstoppable Season 4
- Over 71.81 crore Ayushman Bharat Health Account numbers generated: Centre
- In special gesture, Kuwait's Prime Minister sees-off PM Modi at airport after conclusion of historic visit
- Veer crowned PGTI Ranking champion, Shaurya wins emerging player honour
- Sr National Badminton: Unseeded Rounak Chauhan, Adarshini Shri reach singles semis
Investor wealth plummets Rs 2.72 lakh crores
Investor wealth eroded by Rs 2.72 lakh crore in two days as soaring crude oil prices in the wake of rising geopolitical tensions in the Middle East led to severe selling in the equity market.
New Delhi: Investor wealth eroded by Rs 2.72 lakh crore in two days as soaring crude oil prices in the wake of rising geopolitical tensions in the Middle East led to severe selling in the equity market.
"The rampant sell-off across the horizon for second consecutive day resulted in complete erosion of previous week's gains," Nischal Maheshwari, CEO – Institutional Equities, Centrum Broking said.
"The selling pressure aggravated for Indian markets as depreciating rupee and geo-political tensions spooked investor sentiments.
The sharp rise in crude oil prices has impacted domestic sentiments due to India's high dependence on imports," Ajit Mishra, Vice President, Research, Religare Broking said.
At the BSE, 1,696 stocks declined, while 829 advanced and 147 remained unchanged. In the broader market, the S&P BSE small-cap and mid-cap indices fell by up to 1.84 per cent.
All sectoral indices also ended with losses, where BSE auto, realty, metal, bankex, finance, oil and gas, energy, teck and IT indices fell up to 3.80 per cent.
