Heavy selling pressure makes investors poorer by over Rs 4 lakh crore in two days of market crashAccording to market experts, rupee depreciation is a big concern for market sentiment.
The investors became poorer by more than Rs 4.14 lakh crore in two days of trading as the stock markets continued to face heavy selling pressure for the second straight session Tuesday.
The BSE benchmark index ended at 37,413.13, after it crashed 509.04 points, or 1.34 per cent.
The Sensex had lost 467.65 points in the previous trading session also.
According to market experts, rupee depreciation is a big concern for market sentiment.
The rupee hit yet another new lifetime low of 72.73 against the dollar (intra-day) at the forex market.
Besides, mounting tensions over trade war is a worrisome factor for the Indian market, they added.
From the 30-share basket, 25 stocks ended with losses led by Tata Steel, Power Grid Corporation of India, Hero MotoCorp and Tata Motors.
On the BSE, 1,841 stocks declined, while 874 advanced and 152 remained unchanged.
Also, 153 stocks hit their respective 52-week lows Tuesday.
The broader market also depicted bearish trend, with the S&P BSE mid cap falling by 1.36 per cent and small cap index 1.37 per cent.
Sectorally, the BSE consumer durables index was the biggest drag, down 2.47 per cent.
(With PTI inputs)