Investors wealth News
All the 19 sectors on BSE traded in red led by heavy selling in finance and banking stocks.
However investors' sentiments remained subdued duet to news of RBI governor Urjit Patel`s sudden resignation.
Sensex and Nifty both opened nearly 1 percent down.
Led by the sharp fall in equities, the market capitalisation of BSE-listed companies slumped Rs 2,52,478.89 crore to Rs 1,37,90,774.75 at today's closing.
Led by the sharp fall in equities, the market capitalisation of BSE-listed companies slumped Rs 2,28,329.72 crore to Rs 1,39,86,824.95 at today's closing.
On a weekly basis, both the Sensex and Nifty surged 5 percent.
Investor sentiment turned positive after the Finance Ministry issued a statement to dampen concerns over a spat between the government and the RBI.
Stock exchanges were closed on Thursday on account of "Dussehra".
Sensex hit a low of 34,202.22, before finishing 792.17 points, or 2.25 percent down at 34,376.99 today.
Market experts said that rupee depreciation is a big concern for market sentiment.
So far in the trade, the 30-share index touched a high of 37,014.65 and a low of 36,894.82.
The 30-share index also scaled a new record trading high of 36947.18 points in day trade.
The Sensex of the BSE after opening at high of 36,928.06 points touched a low of 36,850.42 points.
Sensex touched a high of 36,902.06 and low of 36,709.72 in intra-day trading.
Led by the overall positive market sentiment, the market capitalisation of BSE-listed companies rose by Rs 1,29,940.11 crore to Rs 148.06 lakh crore.
Led by the surge in stocks, the total market capitalisation of BSE-listed companies rose by Rs 20,70,472 crore to Rs 1,42,24,997 crore.
The BSE Sensex cracked below the 34,000-mark by plunging about 1,275 points or 3.6 percent in opening trade yesterday.
Reintroduction of the long-term capital gains (LTCG) tax of 10 percent on equities, along with weak global cues, led to a huge sell-off in market.
Investor wealth surged by over Rs 2.69 lakh crore in three days, with the Sensex gaining over 1,100 points, on expectations of further economic reforms in the third year of the Modi government.
A 565-points rally in the benchmark index Sensex added over Rs 1.84 lakh crore to total investor wealth on BSE Monday.
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