Investors get poorer by over ₹28.85 lakh cr on D-Street in a month. Is there a breather soon?
- In a month, the BSE market cap has plunged by ₹28,85,190.48 crore. On April 11th, the market cap stood at ₹2,75,17,180.86 crore with Sensex staying at 58,964.57. With that, in a month, BSE Sensex has dropped by 4,876.18 points.
Bears continued to push markets off the cliff and Wednesday was no different ahead of major economic data. Stock markets have been knocked down due to a loss of investors' confidence, inflationary pressures, surprise rate hikes, and consistent selling by foreign portfolio investors (FPIs). Notably, investors' wealth has been wiped out to the tune of over ₹28.85 lakh crore in a month due to extreme volatility in markets.
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