Stock market crash makes investors poorer by Rs 20.16 lakh cr in morning trade
Stock market crash makes investors poorer by Rs 20.16 lakh cr in morning trade
NEW DELHI: (Apr 7) Investors' wealth eroded sharply by Rs 20.16 lakh crore on Monday morning as the benchmark indices faced heavy drubbing, with the Sensex dropping over 5 per cent, amid a global market meltdown due to growing trade war concerns.
The 30-share BSE benchmark tumbled 3,939.68 points or 5.22 per cent to 71,425.01 in early trade.
Mirroring the bearish trend in equities, the market capitalisation of BSE-listed firms declined sharply by Rs 20,16,293.53 crore to Rs 3,83,18,592.93 crore (USD 4.50 trillion) during the morning trade.
