Investors' Wealth Of Over Rs 7.7 Lakh Crore Wiped Out In 2 Days Of Market Rout

Investors' wealth tumbled over Rs 7.73 lakh crore on Monday following weakness in global equities.

Investors' wealth tumbled over Rs 7.73 lakh crore as markets extended their downtrend for the second straight session on Monday following weakness in global equities.

The 30-share BSE Sensex settled 364.91 points or 0.67 per cent lower at 54,470.67 on Monday. The Sensex dived 866.65 points or 1.56 per cent to finish at 54,835.58 on Friday.

The two-day slump in equities eroded Rs 7,73,582.29 crore from the market capitalisation of BSE-listed firms, which now stands at Rs 2,51,91,307.08 crore.

Weakness in global markets, unabated foreign fund outflows and the rupee plunging to its life-time low against the US dollar have weighed on sentiment.