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Equity investors become poorer by Rs 4.4 lakh crore as markets clash

The market capitalisation of BSE-listed companies declined by Rs 4,46,003.7 crore to Rs 4,57,16,946.13 crore (USD 5.46 trillion) at close

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Representational Pic/File/iStock

Representational Pic/File/iStock

Investor wealth eroded by Rs 4.46 lakh crore in a single day on Friday with the benchmark BSE Sensex tanking more than 1 per cent in line with global stocks rout.

The 30-share BSE Sensex plunged 885.60 points or 1.08 per cent to close at 80,981.95 with 25 of its components declining and five ending with gains. During the day, it nosedived 998.64 points or 1.21 per cent to hit an intra-day low of 80,868.91.

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