Indian Investors lose Billions of $s in last few days |
Indian stock market suffered their biggest fall on Monday, wiping out a staggering 186 billion dollars of investors` wealth and firmly placing the markets in bear territory as the government took drastic steps to curb new coronavirus infections. It was a nerve-wracking day for investors as benchmark indices refused to respond to regulatory signals designed to halt the market plunge. When the market bells rang at 9.15am on Monday morning, signalling the start of trading, the benchmark Sensex opened 2,307 points lower at 27,608.80, signalling a clear intent to seek fresh bottoms. By 10am, it had hit the 10% lower circuit, and the 45-minute trading halt that followed failed to stanch the plunge, as the selling frenzy continued after resumption of trading. The Sensex eventually closed 3,934.72 points lower, tumbling 13.15% to 25,981.24, while the Nifty plunged 13% to 7,610.25. In the Tuesday morning trade, the Sensex rose up 369.34 points or 1.42% at 26350.58, and the Nifty up 108.40 points or 1.42% at 7718.65. About 559 shares have advanced, 696 shares declined, and 62 shares are unchanged.
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