Investor sentiment took a beating amid stories that the US will finish sanctions waiver on Iranian oil imports
Investor wealth eroded by Rs 1.92 lakh crore on Monday in tandem with a weak broader market sentiment the place the BSE benchmark plunged practically 500 factors.
The 30-share BSE index settled 495.10 factors, or 1.26 per cent, decrease at 38,645.18.
Following the sharp fall in shares, the market capitalisation of BSE-listed corporations dropped by Rs 1,92,530.74 crore to Rs 1,51,60,885.97 crore.
Investor sentiment took a beating amid stories that the US will finish sanctions waiver on Iranian oil imports. Reacting to stories, international benchmark Brent crude climbed to a multi-month excessive of USD 73.81 per barrel.
“Indian markets had a tough day on the again of sharp rise in crude oil value above USD 74 per barrel. As a major importer of crude oil, the excessive oil value just isn’t good for Indian macros,” stated Jagannadham Thunuguntla, Sr VP and Head of Analysis (Wealth), Centrum Broking.
From the Sensex pack, 23 scrips ended with losses led by Sure Financial institution, IndusInd Financial institution, RIL, ICICI Financial institution, HDFC and Axis Financial institution falling as much as 6.62 per cent.
At BSE, 1,799 scrips declined and 714 superior, whereas 184 remained unchanged.
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