Investors lose over Rs 6
时间:2024-06-26 17:58:24 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.
下一篇:Zomato, PNB, KPI Green Energy, TVS Motor, TCS, Apollo Hospitals, Wipro stocks in focus on F&O expiry
猜你喜欢
- India bond yields dip as index inclusion continues to lift mood
- India seeks to deepen foreign exchange market with onshore NDFs
- Securing international waters- India’s response to rising maritime incidents
- Impact of educational apps in shaping the future of digital India in 2024
- India emerges as strongest, fastest growing economy; could hit $10 trn economy in mid-2030s
- Indian bond yields may start week tad higher tracking US peers
- India bond yields tad down, likely to reverse towards key technical level
- Indian basket of crude hits decade-high, OMCs may raise retail fuel prices soon
- Tamilnad Mercantile Bank IPO share listing today- Flat listing on BSE, NSE; stock debuts at Rs 510 per share