Investors lose over Rs 6
时间:2024-05-18 14:19:51 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:TikTok eyes $17
猜你喜欢
- Tax Talk- NRIs must update status on PAN
- Buy these two stocks for near-term gains as Nifty forms small positive candle on daily chart
- Taiwan share market, South Korea’s Kospi ends in green on Monday, 26 Dec; Know top gainers, losers here
- Tiruchirappalli International Airport update- PM Modi unveils Rs 1,100 crore state-of-the-art terminal building – Check photos here
- TVS Motor, CEAT, L&TFH, Mahindra CIE, IOC among 57 NSE stocks to hit 52-week highs; 8 touch 52-week lows
- Buy Hindalco, Lupin, IndusInd Bank to pocket gains; short-term market texture looks bullish; use dips to buy
- The Belt and Road Initiative- A decade of Economic Progress and Ecological Pitfalls
- Top dividend-yield PSU shares- Coal India, Oil India, PTC India, and more
- Udhampur-Srinagar-Baramulla Rail Link Project- CRS conducts second inspection on Banihal-Khari section, says ‘infrastructure ready for commissioning’