Tuesday, 02 January 2024 12:17 GMT

Investors Lose Rs 7.12 Lakh Cr As Sensex Tumbles On Profit Booking


(MENAFN- Kashmir Observer)
File photo of Dalal street, Mumbai

Mumbai- Market investors became poorer by Rs 7.12 lakh crore as Sensex nosedived on Monday after two consecutive days of gains, as investors rushed to take profits amid unabated selling of stocks by foreign investors.

The 30-share BSE Sensex plunged 609.68 points, or 0.71 per cent, to close at 85,102.69.

The market capitalisation of BSE-listed firms eroded by Rs 7,12,514.68 crore to Rs 4,64,19,108.91 (USD 5.15 trillion).

ADVERTISEMENT

“Indian benchmark indices concluded the day with significant losses, as the Sensex tumbled over 610 points to close at 85,103 and the Nifty50 shed 226 points to settle at 25,961,” Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said.

He added that the market-wide sell-off was driven by cautious sentiment ahead of the US Federal Reserve's rate decision, continuous FII selling, and widespread profit booking across the broader market.

From the Sensex firms, Bharat Electronics Ltd, Eternal, Trent, Tata Steel, Bajaj Finance, Adani Ports, Bajaj Finserv, State Bank of India, PowerGrid, Asian Paints, Tata Motors Passenger Vehicles, Titan, NTPC, Kotak Mahindra Bank, Larsen & Toubro, and Bharti Airtel were among the laggards.

MENAFN08122025000215011059ID1110454345



Kashmir Observer

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search