8 months ago
Investors lose Rs 7.34 lakh cr as Sensex tanks over 1,000 points
Deccan ChronicleNew Delhi: Investors' wealth on Thursday eroded by Rs 7.34 lakh crore as markets took a heavy beating, with the BSE Sensex tumbling 1,062.22 points. Declining for the third day running, the 30-share BSE benchmark dropped 1,062.22 points or 1.45 per cent to settle at 72,404.17. As the election season is heating up, investors are trimming their equity exposure at a faster pace, which can be seen from the drubbing that mid and small-caps received,” said Prashanth Tapse, Senior VP, Mehta Equities Ltd. From the Sensex basket, Larsen & Toubro tanked 6 per cent after March quarter earnings. In the broader market, the BSE smallcap gauge declined 2.41 per cent and midcap index dropped 2.01 per cent.
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