Russia-Ukraine War Impact: Market mayhem wipes off over Rs 13.44 lakh cr investor wealth

Investor wealth worth over Rs 13.44 lakh crore was wiped off on Thursday as the domestic equity markets tumbled along with global risk assets, after Russia launched military operations against Ukraine.

Amid intensifying rout in the global financial markets, the 30-share BSE Sensex plummeted 2,702.15 points or 4.72 per cent to end at 54,529.91.

The carnage on Dalal Street eroded investor wealth worth Rs 13,44,488.54 crore, taking the total market capitalisation (m-cap) to Rs 2,42,24,179.79 crore on the BSE.

The m-cap of BSE-listed companies stood at Rs 2,55,68,668.33 crore at the end of trading on Wednesday.
Traders said incessant foreign fund outflows also weighed on the markets.

On a net basis, foreign institutional investors sold equities worth Rs 3,417.16 crore on Wednesday, data available with stock exchanges showed.

Brent Crude oil prices surged past the USD 100-a-barrel mark amid geopolitical worries. Global oil benchmark Brent crude futures jumped 7.92 per cent to USD 104.51…

READ FULL STORY HERE

ALSO READ   Government allows ONGC, Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuel

Leave a Reply

Your email address will not be published. Required fields are marked *

x