Strong sell-off in the stock market resulted in loss of capital of Rs 8.21 lakh crore of investors.

Photo:FILE

Strong sell-off in the stock market resulted in loss of capital of Rs 8.21 lakh crore of investors.

Highlights

  • Investors’ capital of Rs 8,21,666.7 crore sunk amidst strong selling.
  • This is the biggest single day fall in the Sensex in seven months.
  • The market capitalization of BSE listed companies declined by Rs 8,21,666.7 crore to Rs 2,60,98,530.22 crore.

New Delhi: Investors’ capital of Rs 8,21,666.7 crore sunk amidst strong selling in the stock markets on Monday. The BSE 30-share Sensex fell 1,170.12 points, or 1.96 per cent, to 58,465.89. This is the biggest single day fall in the Sensex in seven months. The Sensex had come down to the level of 1,624.09 points during the day’s trading. The market capitalization of BSE-listed companies declined by Rs 8,21,666.7 crore to Rs 2,60,98,530.22 crore due to a sharp fall in the Sensex.

Shares of Reliance Industries fell by 4 percent, market capitalization declined by Rs 69,364 crore

Shares of Reliance Industries fell over four per cent on Monday. The company pulled out of a deal with Saudi Aramco to sell a 20 percent stake in its oil and petrochemicals business for $15 billion. Due to the news related to this, the company’s stock declined. The company’s stock closed at Rs 2,363.40 with a loss of 4.42 percent on the BSE.

At one point during the day’s trading, it had slipped to Rs 2,351 with a loss of 4.92 per cent. On the National Stock Exchange (NSE), the company’s stock closed at Rs 2,363.75 with a loss of 4.42 percent. After this fall, the market capitalization of Reliance Industries declined by Rs 69,364.46 crore to Rs 14,99,185.71 crore.

!function (f, b, e, v, n, t, s) {
if (f.fbq)
return;
n = f.fbq = function () {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);
};
if (!f._fbq)
f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s);
}(window, document, ‘script’, ‘//connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1684841475119151’);
fbq(‘track’, “PageView”); .

Leave a Comment

Your email address will not be published. Required fields are marked *