Investors' wealth has declined by Rs 13.3 lakh crore in the past 4 days

27 Sep 2022 , 10:13 AM

Due to a significant sell-off in foreign markets, stock investors have lost more than Rs 13.3 trillion in value in four days of market collapse.

The 30-share BSE Sensex had its fourth straight day of losses as it dropped 953.70 points, or 1.64%, to settle at 57,145.22. Throughout the day, it dropped 1,060.68 points, or 1.82 percent, to 57,038.24.

In the previous four days, the BSE benchmark has dropped 2,574.52 points, or 4.31%. Market value of BSE-listed businesses decreased by Rs13,30,753.42 crore in four sessions, to Rs2,70,11,460.11 crore.

Maruti, Tata Steel, ITC, Axis Bank, NTPC, Bajaj Finance, IndusInd Bank, and Mahindra & Mahindra were among the 30-share Sensex pack’s top losses on Monday. HCL Technologies, Asian Paints, Infosys, UltraTech Cement, TCS, Nestle, and Wipro were among the pack’s top gainers.

Both the BSE smallcap gauge and midcap index fell by 3.33 and 2.84%, respectively, in the larger market. Real estate declined by 4.29%, while the following industries also had declines: cars, utilities, electricity, commodities, energy, oil & gas, and telecoms.

Due to the quick rate at which central banks around the world are raising interest rates, investors are worried that slowing growth may force major economies to enter a recession.

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