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Equity investors lose ₹5.27 trillion
Mint Mumbai
|November 22, 2024
Investors' wealth plummeted by 5.27 trillion on Thursday in line with markets fall following a sharp decline in Adani group stocks.
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The BSE benchmark Sensex plunged 422.59 points or 0.54% to settle at 77,155.79. During the day, it lost 775.65 points, or 0.99%, to 76,802.73.
The market capitalization of BSE-listed firms eroded by ₹5,27,767.57 crore to ₹4,25,38,908.01 crore ($5.04 trillion).
From the 30-share Sensex pack, Adani Ports and Special Economic Zone (APSEZ) tumbled 13.53% after group chairman Gautam Adani was charged by US prosecutors for allegedly being part of a scheme to pay a $265 million bribe to Indian officials in exchange of favourable terms for solar power contracts.
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