New Delhi: The wealth of investors has been eroded by Rs 5,24,647.66 Crore in the last two days when the market sees a busy selling on Wednesday.
The BSE Sensex looted 656.04 points or 1.08 percent to settle at 60,098.82.
The 30-share index has recorded 554.05 points or 0.90 percent on Tuesday.
The market capitalization of BSE companies fell by Rs 5,24,647.66 Crore to Rs 2,74,77,790.05 Crore in two days.
The market capitalization of BSE companies has reached a lifetime highest RS 2,80,02,437.71 Crore on Monday.
“The market traded under pressure and lost percent, in continuation on the fall of the previous session.
The benchmark opens flat amid weak global cues but subject to control again like that day developed and pushed the index gradually lower,” according to Ajit Mishra, VP – Research , Relespress Broking Ltd, Wednesday, Infosys is the biggest obstacle between the company’s frontline package 30 shares, down 2.77 percent followed by Cat Asia, Hul, Nestle, Bajaj Finance, Wipro and box.
In a broader market, the BSE MIDCAP index decreased by 0.34 percent while Smallcap settled flat.
Investors lost more than RS 5.24L Cr in market sales 2 days
