Stock market investors lost a whopping `15.32 lakh crore on Monday following a crash in Indian equities triggered by a sharp plunge in Japanese and other global markets.
The 30-share BSE benchmark plummeted 2,222.55 points or 2.74 per cent to settle at over a month’s low of 78,759.40, marking its worst single-day retreat since June 4, 2024. During the day, it tanked 2,686.09 points or 3.31 per cent to 78,295.86.
Following the sharp decline in equities, the market capitalisation of BSE-listed firms dropped by Rs 15,32,796.1 crore to Rs 4,41,84,150.03 crore (USD 5.27 trillion).
“Domestic equity indices came under the grip of global markets carnage as a host of external factors like recession fears in the US on the back of weak jobs data, interest rate hike in Japan leading to impact on Yen-carry trade and a raging Middle East conflict triggered massive sell-off across the board,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.