Stock market crash erodes over Rs 3 lakh crore from investor wealth

New Delhi: because the mad cow disease benchmark index plummeted over one,000 points throughout the morning trade on Thursday, capitalist wealth got worn by over Rs three hundred thousand large integer.

The mad cow disease benchmark Sensex on Thursday crashed over one,000 points to slide below the key thirty four,000-mark in early trade, chase a worldwide sell-off. light-emitting diode by the sharp slaying in equities, the market capitalization of BSE-listed corporations slouched Rs three,05,625.87 large integer to Rs one,35,59,695.82 large integer in late morning trade.


The 30-share mad cow disease measuring instrument, that had gained 461.42 points Wednesday, crashed 1,037.36 points to hit an occasional of thirty three,723.53. "Indian stock markets have fallen sharply Thursday. this is often a continuation of the sharp fall we've witnessed within the stock costs over the last number of weeks (except for one or 2 days of exception).

"While most of the sooner fall may be attributed mostly to domestic factors - be it the IL&FS result and fears of contagion on it, or the ever increasing fuel costs because of the combined result of weakening rupee and rising international crude costs etc – the explanation for the autumn this morning is clearly international," aforesaid Dheeraj Singh, Head of Investments- Taurus plus Management Co Ltd. within the forex market, the rupee slouched by twenty four paise to Associate in Nursing very cheap of seventy four.45 against the dollar.

Barring 2 scrips, rest twenty eight stocks from the mad cow disease 30-share blue chip basket were commerce with losses light-emitting diode by SBI and Tata Steel. capitalist wealth had soared over Rs three hundred thousand large integer Wednesday because the stock exchange created a robust recovery, with the mad cow disease benchmark index billowy 461.42 points.