Investor wealth tumbled by Rs 4,82,033.63 crore in two days of market fall as rise in Covid-19 cases further triggered selling in equities.
The Sensex plummeted 674.36 points or 2.39 per cent to close at 27,590.95 on Friday.
Selling in markets led to a decline in market capitalisation of the BSE-listed companies which tumbled Rs 4,82,033.63 crore to Rs 1,08,66,722.96 crore in two days.
“The Indian benchmark indices continued to plunge southwards, after a surge in the number of coronavirus cases in India. Besides, Moody’s report on the banking sector wherein they have changed their outlook, further dented the sentiment,” Ajit Mishra, vice-president (research), Religare Broking Ltd, said.
Axis Bank was the top loser in the Sensex pack, dropping 9.16 per cent, followed by IndusInd