Market tremors wipe off investors’ wealth by Rs 14.60 lakh cr in five trading sessions
NEW DELHI: Equity investors became poorer by Rs 14.60 lakh crore in five days of market slump amid mounting tensions in the Middle East and higher valuations of Indian stocks.Falling for the fifth day running, the 30-share BSE Sensex tanked 522.82 points, or 0.81 per cent, to settle at 64,049.06.During the day, it dropped 659.72 points, or 1.02 per cent, to 63,912.16.In five days, the BSE benchmark has plunged 2,379.03 points, or 3.58 per cent.The market capitalisation of BSE-listed companies eroded Rs 14,60,288.82 crore to Rs 3,09,22,136.31 crore in five days."Markets extended fall for the fifth straight session as banking, IT stocks led the slump in the backdrop of persisting global turbulence. Higher valuations of Indian stocks have been a concern and the current global turmoil is allo...