Benchmark indices crashed for the fourth day in a row on Monday. In the biggest daily plunge on Dalal Street since April, investors lost as much as Rs 7.86 lakh crore in equity wealth. All sectors bled profusely along with broader markets.
NEW DELHI: Benchmark indices crashed for the fourth day in a row on Monday. In the biggest daily plunge on Dalal Street since April, investors lost as much as Rs 7.86 lakh crore in equity wealth. All sectors bled profusely along with broader markets.
The repeal of the agriculture laws had an impact on the PSU stocks while the O2C deal not going through left a deep cut on Reliance. Even as IPO Investors come to terms with the reality, the inflationary impact on demand across several sectors continues to worry the street.
The 30-share pack Sensex tanked 1,170.12 points or 1.96 per cent to close at 1,170.12. This was after the index pared some losses due to late buying. Its broader peer NSE Nifty declined 348.25 points or 1.96 per cent to 17,416.55