Business High Court Market Voice

Indian Rupee at its nadir 72.99 ., Investors lost 272000 Crores in 2 days

Stock investors lost heavily and became poorer by Rs 2.72 trillion in two days of market fall which saw the BSE benchmark index diving almost 800 points.

Market benchmark BSE Sensex Tuesday tumbled by about 295 points or 0.78 per cent to close at 37,290.67 due to increasing crude oil prices and mounting trade tension.

It had lost 505.13 points or 1.33 per cent on Monday as rupee woes and trade war worries spooked investors.

Led by the sharp fall in stocks, the market capitalisation (m-cap) of BSE-listed companies plunged Rs 2.72 trillion to Rs 1.53 trillion since Friday.

“Selling pressure increased on the bourses due to historic low of rupees against dollars ,” said Analysts 

 From the 30-share basket, 24 stocks ended with losses led by SBI, Tata Motors, Bajaj Auto and Axis Bank.

At the BSE, 1,805 stocks declined, while 881 advanced and 162 remained unchanged Tuesday.

As many as 140 stocks hit their respective 52-week low levels 

in the meanwhile Panic dollar demand from importers and speculative traders sent the home currency sinking to a historic low of 72.99 in late afternoon deals with very little chance of RBI intervention..

Splco Webdesk
Input feed by news sharing arrangement with Syndicate News Agencies by disclosing names viz., Reuters, PTI, ANI, etc.,
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