New Delhi: Investors have lost more than Rs 5 lakh crore due to the steep fall in the stock markets on Friday. In view of the spread of Corona virus and its economic impact, the sell-off occurred due to a fall in the market and losses to investors. The market capitalization of listed companies on the BSE has declined by Rs 11,76,985.88 lakh crore in the entire six trading sessions.
The 30-share BSE Sensex fell by 1,448.37 points, or 3.64 per cent, to close at 38,297.29 on Friday. This steep fall in the stock market cost investors Rs 5,46,287.76 crore. This reduced the market capitalization of listed companies to Rs 1,46,93,797.43 crore. The market capitalization of these companies was Rs 1,52,40,024.08 crore on Thursday.
According to traders, investors’ perception remains fragile due to continuous foreign capital withdrawal. As per data available with the stock markets, foreign institutional investors sold shares worth Rs 3,127.36 crore on a net basis. According to provisional figures in the stock markets, foreign investors have so far sold shares worth Rs 9,389 crore. On the BSE, 2,010 shares declined while 457 rose. There was no change in 153 shares.
