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  5. Investors lose over Rs 4 lakh crore as Sensex, Nifty nosedive amid Russia-Ukraine war

Investors lose over Rs 4 lakh crore as Sensex, Nifty nosedive amid Russia-Ukraine war

Continuing its decline for the second day, the BSE gauge plummeted 1,148.05 points or 2 per cent to 53,954.63. 

Reported by: PTI Mumbai Published on: March 04, 2022 11:51 IST
People look at share prices on an electronic board outside
Image Source : PTI

People look at share prices on an electronic board outside the Bombay Stock Exchange (BSE) in Mumbai, Tuesday, Feb. 1, 2022.

Highlights

  • The war and surge in crude have transformed the economic scenario and market expectations
  • If the Russia-Ukraine war prolongs, global economic growth may be impacted
  • In previous session, Sensex ended 366 points lower at 55,102 & Nifty 107 points at 16,498

Investors' wealth tumbled by more than Rs 4 lakh crore in morning trade on Friday as markets suffered a steep decline.

Continuing its decline for the second day, the BSE gauge plummeted 1,148.05 points or 2 per cent to 53,954.63. Tracking decline in equities, the market capitalisation of BSE-listed companies plunged Rs 4,09,554.44 crore to Rs 2,46,96,434.57 crore in morning deals.

Asian Paints, Maruti Suzuki India, Hindustan Unilever, Titan and M&M were the biggest drag in morning trade, tumbling up to 6.8 per cent.

In the previous session, the 30-share BSE index finished 366.22 points or 0.66 per cent lower at 55,102.68.

"The war and surge in crude have completely transformed the economic scenario and market expectations. If the war prolongs, global economic growth may be impacted," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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