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Mumbai: An onlooker watches the stock prices on a digital screen on the facade of BSE building, as sensex crosses 49000 mark for the first time, in Mumbai, Monday, Jan. 11, 2021. (PTI Photo/Shashank Parade)(PTI01_11_2021_000102B) (PTI)
Mumbai: An onlooker watches the stock prices on a digital screen on the facade of BSE building, as sensex crosses 49000 mark for the first time, in Mumbai, Monday, Jan. 11, 2021. (PTI Photo/Shashank Parade)(PTI01_11_2021_000102B) (PTI)

Investor wealth declines over 2.23 lakh crore tracking weak markets

  • Tech Mahindra was the top loser in the Sensex pack, falling 4.35%, followed by HCL Tech, Oil and Natural Gas Corporation (ONGC) and Asian Paints

New Delhi: Investor wealth on Friday declined over 2.23 lakh crore as markets cracked.

The 30-share BSE Sensex slumped 549.49 points or 1.11 per cent to close at 49,034.67. During the day, it plunged 788.37 points to 48,795.79.

Following the bearish trend, the market capitalisation of the BSE-listed companies dived 2,23,012.44 crore to 1,95,43,560.22 crore.

Religare Broking Vice-President (Research) Ajit Mishra said, "Markets traded volatile and settled with a cut of over a per cent. Participants were in the profit-taking mood from the beginning citing overbought market conditions."

He added that the global cues also remained unsupportive in Friday's session.

Tech Mahindra was the top loser in the Sensex pack, falling 4.35, followed by HCL Tech, Oil and Natural Gas Corporation (ONGC) and Asian Paints.

In the broader market, the BSE Midcap and Smallcap indices dipped up to 1.25 per cent.

Sector-wise, BSE oil and gas, information technology, realty, capital goods, utilities and energy indices declined up to 2.43 per cent, while telecom was the only gainer with 3.68 per cent gains.

On the BSE, 1,946 companies declined, while 1,080 advanced and 137 remained unchanged.

This story has been published from a wire agency feed without modifications to the text.

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