Investor Wealth Tanks Rs 2.24 Lakh Crore as Markets Tumble After 3-day Rally
4 years, 1 month ago

Investor Wealth Tanks Rs 2.24 Lakh Crore as Markets Tumble After 3-day Rally

News 18  

Investors' wealth declined by Rs 2,24,978.33 crore on Wednesday as equity markets tumbled from record highs on profit-booking. Snapping a three-session winning streak, the 30-share BSE Sensex ended 694.92 points or 1.56 per cent lower at 43,828.10. "After posting a strong rally in last few sessions, market turned negative from all-time high levels in today's session and ended 1.5 per cent lower as profit-booking emerged across all indices. Investors shrugged off the positive global cues as investors remained cautious and booked profit at prevailing rich market valuation," said Sumeet Bagadia, Executive Director, Choice Broking. "The market rally which was led by developments on vaccine and FPI inflows came to a halt today due to profit booking across sectors in the second half of the trading session," said Vinod Nair, Head of Research at Geojit Financial Services.

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