Investors lose over Rs 6
时间:2024-06-25 14:42:22 阅读(143)
Equity investors became poorer by over Rs 6.71 lakh crore on Thursday as domestic benchmark indices tumbled amid a global market meltdown.The 30-share BSE benchmark Sensex tanked 1,416.30 points or 2.61 per cent to settle at 52,792.23, tracking weak global markets and persistent foreign fund outflows.
In line with the weak market trend, the market capitalisation of BSE-listed firms tumbled by Rs 6,71,051.73 crore to stand at Rs 2,49,06,394.08 crore.
“Till the time FIIs remain net sellers, the south-bound journey will be difficult to reverse,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
From the Sensex firms, Wipro, HCL Technologies, Infosys, TCS, Tech Mahindra, Tata Steel, IndusInd Bank and Kotak Mahindra Bank were the major laggards.ITC, Dr Reddy’s and PowerGrid were the only gainers.
Barring Shanghai, other Asian markets ended lower, with Seoul, Hong Kong and Tokyo losing up to 2.54 per cent.Equity exchanges in Europe were also trading sharply lower in the afternoon session.
Stock markets in the US had ended deep in the red on Wednesday.Meanwhile, international oil benchmark Brent crude declined 1.27 per cent to USD 107.7 per barrel.
Foreign institutional investors remained in selling mode, offloading shares worth a net Rs 1,254.64 crore on Wednesday, as per stock exchange data.“Markets plunged sharply lower and lost over 2.6 per cent, pressurised by weak global cues. The meltdown in the US markets, on fear of aggressive rate hikes, rattled investors and triggered a weak start.
“The situation worsened further due to heavy selling in the index majors across sectors wherein IT and metal majors were among the top losers,” said Ajit Mishra, VP – Research, Religare Broking Ltd.
上一篇:Adani Energy Solutions wins bid for Halvad Transmission project
下一篇:World welcomes 2023! Sydney’s stunning fireworks to Delhi’s dazzling India Gate – See top pics
猜你喜欢
- 90% large cap funds underperform benchmarks in last one year
- FedFina board revives IPO plan
- Markets fall for fifth straight day on back of sell-off, renewed war crisis
- FII inflows, low VIX boost market sentiments in April; Nifty could see consolidation before resuming uptrend
- Fed Chairman Powell’s dovish comments cheer markets; bear market rally or start of new bull market-
- Adani group, financial stocks, FII inflows lift Nifty, Sensex today to all-time highs
- FIIs offload over $1 bn in first eight sessions
- FII, DII data- FPIs sold shares worth Rs 79 Cr, DIIs sold shares worth Rs 1372 Cr on December 6, Wednesday
- Adani bonds rally as billionaire moves to restore confidence