Here's why investors lost Rs 8 trillion in trade on Monday
Bears launched an all-out attack on the stock markets on Monday as record daily cases of Covid-19 infections weakened bull reign. The benchmark S&P BSE Sensex and the Nifty50 indices cracked 1,811 points and 551 points, in the early morning deals, to hit intra-day lows of 47,780 and 14,283 levels, respectively. Consequently, investor wealth plummeted by nearly Rs 8 trillion within minutes into trade to Rs 201 trillion.
Read more...