Sensex dives 1,115 pts amid world selloff, restoration woes

Mumbai, September 24

The Sensex plunged 1,115 points while the Nifty crashed below the 10,850-mark on Thursday as investors dumped equities amid a sharp global selloff and concerns over economic recovery.

Investors lose Rs 11.31 lakh cr in 6 days

  • Investors have lost a whopping Rs11.31 lakh crore in six days of market declines, with concerns over economic recovery sapping risk appetite
  • Since September 16, the 30-share BSE benchmark index has fallen by 2,749.25 points.

World markets were bathed in a sea of red as fears about a second wave of Covid infections in major economies and lack of fresh stimulus from central banks clobbered sentiment.

Back home, a sharp depreciation in the rupee and volatility on F&O expiry day further weighed on the bourses, traders said.

Sliding for the sixth straight session, the Sensex plummeted by 1,114.82 points to finish at 36,553.60.

The benchmark posted its biggest single-day fall since May 4 this year, when it had plunged over 2,000 points. Similarly, the NSE Nifty tanked 326.30 points to close at 10,805.55.

The market capitalisation of all BSE-listed companies stood at Rs 1,48,76,217.22 crore, down by Rs 3.95 lakh crore compared to the previous session. Barring Hindustan Unilever, which inched up 0.36%, all Sensex components ended in the red on Thursday. — PTI

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