Friday, February 28, 2020

Investors Become Poorer by Rs 5 Lakh Crore as Equity Markets Fall

Investor Riches Slumped by over Rs 5 lakh crore on Friday as Equity markets crashed monitoring global equity selloff amid increasing uncertainty over the financial effect of coronavirus epidemic.

BSE-listed businesses saw a huge decrease of Rs 11,76,985.88 lakh crore.
Equity markets fell for the sixth consecutive semester, together with the 30-share BSE index plummeting 1,448.37 points, or 3.64 percent, reduced at 38,297.29.

The carnage from the equity market totaled out investor wealth value

Dealers said investor thought also stayed brittle amid On a net basis, overseas exchange traders sold stocks worth Rs 3,127.36 crore on Thursday, information accessible with stock exchanges revealed.

Australian investors have sold stocks worth Rs 9,389 crore so far this week, provisional information on the stock trades revealed.

On the BSE, 2,010 scrips diminished, while 457 progressed and 153 remained unchanged.