Mumbai: Investors lost Rs 7 lakh crore in the domestic stock market on Monday due to the biggest drop in the number of points.
The global stock market, including India, suffered a major fall due to the continuous spread of corona virus infection in the world, and the Bombay Stock Exchange’s Sensex plunged by 1,941 points, after the Sensex fell by more than 2,467 points during trading. The market capitalization of listed companies on the BSE declined significantly.
In the end, the Sensex lost 1,941.67 points, or 5.17 percent, to close at 35,634.95 points from the previous close. Similarly, the National Stock Exchange’s Nifty closed at 10,451.45 points, down by 538 points, or 4.90 percent.
This major fall in the stock market gave investors a loss of Rs 6,84,277.65 crore at the end of the business and the market capitalization came to Rs 1,37,46,946.76 crore. The market capitalization of listed companies on the BSE was Rs 1,44,31,224.41 crore on Friday.
Shares of Saudi Aramco, the world’s largest oil company, plunged 10 percent on Monday. The company’s stock fell 9.2 percent during the beginning on the Saudi Arabian stock market. The fall in the stock markets comes from the lack of consensus between the oil producing countries’ organization OPEC and its partner countries on the production cut. This has also brought down oil prices.
