AGENCIES, NEW DELHI: Another bad day for stock market investors. It is estimated that investors’ money worth Rs 6.25L cr was wiped off in early morning trade on Monday. The incident happened as markets again succumbed to Covid-19 scare and witnessed massive sell-offs.
The Bombay Stock Exchange benchmark plunged 2,182.41 points during the trading sessions.
In the US, the New York Stock Exchange fared no better. Stocks dropped 8% in the first minutes of trading Monday on Wall Street and triggered another temporary halt to trading as huge swaths of the economy come closer to shutting down, from airlines to restaurants.
The market capitalisation of BSE-listed companies dropped by Rs 6,25,501.8 cr to Rs 1,23,00,741.02 cr in the opening trade.
That’s not all. The entire BSE 30-share pack was trading in the red, led by IndusInd Bank, ICICI Bank, HDFC and Axis Bank, tumbling up to 9.3 per cent. All the sectoral indices were trading with sharp losses. The equity markets suffered extreme panic selling last week, where the key BSE barometer plunged 3,473.14 points in total.
