New Delhi: Investors have become poorer by more than RS 10.36 Lakh Crore in the last four trading sessions because domestic equity benchmarks extend their losses in the midst of a weak global trend.
Sensex and Nifty closed in red for the fourth consecutive session on Friday in the midst of advanced sales by foreign institution investors.
BSE Sensex ended 427.44 points or 0.72 percent lower at 59,037.18.
The 30-stock benchmark has lost 2,271.73 points in four sessions.
In line with the weak trend, the market capitalization of companies registered in BSE fell by Crore Rs 10.36,636.17 massively in the last four trading sessions to stand at Rs 2,69.65,801.54 Crore.
The market capitalization of BSE companies has reached a lifetime highest RS 2,80,02,437.71 Crore on Monday.
FMCG restrictions, all Sectoral BSE indices are closed in red on Friday, led by telecommunications, consumer durability, realty, capital goods and industry, which spilled 3.03 percent.
“The Indian equity market was corrected this week in line with the sale of global markets.
The increase in US bond yields and monetary policy tightening expected by central banks weighed on investor sentiment,” said Shrikant Chouhan, Head of Equity Research (Retail), Securities Boxes Ltd.
Most The sector looks at earning orders.
The IT sector performs poorly this week with a negative refund of around 6 percent.
“Inflationary pressure, the tightening of monetary policy, increased bonds, higher crude oil prices are some of the main challenges for the global market.
In addition to global factors, the domestic market will track Q3FY22 results, management comments,” added Chouhan, “.