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Stocks dip, investors’ wealth tumbles Rs 86,742 crore

Surging crude prices and foreign capital outflows also weighed on investor sentiment

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Representative Image

Representative Image

Investors’ wealth tumbled Rs 86,741.74 crore on Wednesday, mirroring weakness in the global equity markets amid escalating tensions between Russia and Ukraine.

The BSE benchmark Sensex slumped 1,227.18 points to 55,020.10 during the day in line with a global selloff. It finally settled at 55,468.90, lower by 778.38 points or 1.38 per cent. Surging crude prices and foreign capital outflows also weighed on investor sentiment.

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