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₹3.30 lakh crore as equity markets tank

city New Delhi Usa India pandemic
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NEW DELHI : Investor wealth on Tuesday fell by ₹3,30,408.87 crore after equity markets came under heavy selling pressure following sell-off in global stocks as rout in crude oil hit investor sentiment.

The Sensex tumbled 1,011.29 points, or 3.20 per cent, to close at 30,636.71. Led by the sharp fall in the index, the market capitalisation of the BSE-listed companies dropped ₹3,30,408.87 crore to ₹1,20,42,172.38 crore. "After the US crude oil crash, Indian markets, in sync with global markets traded negatively, as the extent of the impact of lockdowns and the global slowdown is becoming evident.

Corporate earnings have also been impacted by the pandemic related shutdowns. Post-earnings management guidance has also not given clear indication

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COVID-19
United States
United States
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Deaths: 750 423
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India
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