Investors become poorer by Rs 9.51 lakh crore as markets crash
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Investors' wealth eroded by Rs 9.51 lakh crore as the benchmark Sensex tanked over 2,400 points; the market capitalisation of BSE-listed firms dropped by Rs 9,51,771.37 crore to Rs 4,47,65,174.76 crore during the morning trade; the global market is reeling as bears enter with a cocktail of bad news, including fears of a reverse Yen carry trade, recession in the USA, and poor jobs data; Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, were trading sharply lower; Japan's benchmark Nikkei 225 stock index plunged as much as 8.1% early Monday; Tata Motors, Maruti, Tata Steel, Infosys, Tech Mahindra, and JSW Steel were the biggest laggards in the Sensex pack; Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,310 crore on Friday
#StockMarket #EquityMarkets #Sensex #MarketCrash #GlobalMarkets
https://www.newindianexpress.com/business/2024/Aug/05/investors-become-poorer-by-rs-951-lakh-cr-as-markets-crash
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