New Delhi: Investor wealth declined by Rs 7.93 lakh crore in a three-day market decline amid rising tensions in the Middle East and weak global trends.
Continuing its decline for the third consecutive day on Tuesday, the 30-share BS Sensex closed at 72,943.68, down 456.10 points or 0.62 per cent. During the day it fell 714.75 points or 0.97 percent to 72,685.03.
The market capitalization (mcap) of BSE-listed companies declined by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (US$ 4.75 trillion) in three days.
The BSE benchmark has fallen 2,094.47 points or 2.79 per cent in the last three days.“Markets continued to fall for the third consecutive session on weak global cues as a sharp rise in US bond yields due to rising tensions in the Middle East has made equity markets less attractive and prompted investors to take profits.
“Investors fear that the ongoing conflict could push up crude oil prices and impact inflation,” said Prashant Tapase, senior V (research), Mehta Equities Ltd.
Infosys, IndusInd Bank, Bajaj Finserv, Wipro, HC Technologies, Tech Mahindra, Bajaj Finance, Tata Consultancy Services and Lars & Toubro were major laggards on the Sensex.
Titan Company, Hindustan Unilever, HDFC Bank, Maruti, Power Grid, Reliance Industries and ITC were among the gainers.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong closed lower.European markets were trading in the red. Wall Street ended Monday in negative territory.
Siddharth Khemka, head of retail research at Motilal Oswal Financial, said, “Rising tensions in the Middle East have soured sentiments, leading to a rise in crude oil prices. Inflows of Rs 11,295 crore by FIIs in the last two days on weak global cues and The selling has hurt domestic markets." Services Limited said.According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 3,268 crore on Monday.
Among the indices, IT fell by 2.32 per cent, Tech (2.09 per cent), Banex (0.5 per cent), Metal (0.36 per cent), Capital Goods (0.26 per cent) and Commodity (0.24 per cent).
Energy, consumer discretionary, healthcare, industrials, consumer durables, oil & gas and power were among the gainers.
Continuing its decline for the third consecutive day on Tuesday, the 30-share BS Sensex closed at 72,943.68, down 456.10 points or 0.62 per cent. During the day it fell 714.75 points or 0.97 percent to 72,685.03.
The market capitalization (mcap) of BSE-listed companies declined by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (US$ 4.75 trillion) in three days.
The BSE benchmark has fallen 2,094.47 points or 2.79 per cent in the last three days.“Markets continued to fall for the third consecutive session on weak global cues as a sharp rise in US bond yields due to rising tensions in the Middle East has made equity markets less attractive and prompted investors to take profits.
“Investors fear that the ongoing conflict could push up crude oil prices and impact inflation,” said Prashant Tapase, senior V (research), Mehta Equities Ltd.
Infosys, IndusInd Bank, Bajaj Finserv, Wipro, HC Technologies, Tech Mahindra, Bajaj Finance, Tata Consultancy Services and Lars & Toubro were major laggards on the Sensex.
Titan Company, Hindustan Unilever, HDFC Bank, Maruti, Power Grid, Reliance Industries and ITC were among the gainers.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong closed lower.European markets were trading in the red. Wall Street ended Monday in negative territory.
Siddharth Khemka, head of retail research at Motilal Oswal Financial, said, “Rising tensions in the Middle East have soured sentiments, leading to a rise in crude oil prices. Inflows of Rs 11,295 crore by FIIs in the last two days on weak global cues and The selling has hurt domestic markets." Services Limited said.According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 3,268 crore on Monday.
Among the indices, IT fell by 2.32 per cent, Tech (2.09 per cent), Banex (0.5 per cent), Metal (0.36 per cent), Capital Goods (0.26 per cent) and Commodity (0.24 per cent).
Energy, consumer discretionary, healthcare, industrials, consumer durables, oil & gas and power were among the gainers.
