New Delhi: The wealth of investors has fallen by RS 5.31,261.2 Crore in two days of decreasing equity markets in the middle of a bearish trend abroad.
Slide for the second consecutive session on Monday, BSE 30-Share Sensex benchmark fell 524.96 points or 0.89 percent to close at 58,490.93.
During the day, it fell 626.2 points to 58,389.69.
In the previous session, the index set 125.27 points or 0.21 percent lower at 59.015.89.
Following a weak trend, market capitalization of companies registered in BSE fell RS 5.31,261.2 Crore in two days to reach Rs 2,55,47,093.92 Crore.
“After high volatility and weak global sentiment, the domestic market ended with a bear handle with metal banks and PSU which leads the rally down.
The global market is traded negatively because investors are careful ahead of several central bank policy meetings scheduled this week, “Vinod Nair said.
, Head of Research in Geojit Financial Services.
Tata Steel is the biggest loser on the sensex graph, 9.53 percent diving, followed by SBI, Indusind Bank and HDFC.
Instead, Hul, Bajaj Finserv, ITC, HCL Tech, Nestle India, Bajaj Finance and Ril settled with an increase.
Sectorally, metal BSE, basic ingredients, realty indexes, power and utilities are marked to 6.80 percent, while the FMCG closes higher.
In a wider market, the MIDCAP and SMALLCAP BSE indices declined to 1.84 percent.
“The Indian market finally appears as a small pause, mostly driven by nervousness in the global market.” The two main factors played in the minds of global investors including the upcoming Fed meeting and the uncertainty of building in the Chinese real estate market due to emphasizing one of the main property players in the country, “Milind Muchhala, executive director, said Julius Baer.