NEW DELHI, Jan 29: As the equity markets continued to face selling pressure for the sixth consecutive session on Friday, investor wealth tumbled by Rs 11,57,928.54 crore during this time.
The 30-share BSE benchmark tanked 588.59 points or 1.26 per cent to finish at 46,285.77 on Friday.
The benchmark index has been falling from January 21 onwards, taking the total loss to 3,506.35 points or 7.04 per cent.
Following this, the market capitalization of BSE-listed companies has seen an erosion of Rs 11,57,928.54 crore to Rs 1,86,12,644.03 crore during this time.
“Weakening global trend due to the concerns of speculation and slowing economic recovery has hugely impacted the cautious pre-budget domestic market,” according to Vinod Nair, Head of Research at Geojit Financial Services. – PTI
