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Mkt falls as fresh Covid cases spook investors

The Morning Standard

|

December 21, 2023

Wipes out ₹9 lakh crore investors' wealth as market capitalisation of BSE-listed firms falls

-  ARSHAD KHAN

DOMESTIC equity market fell sharply on Wednesday with the benchmarks -- BSE Sensex and NSE Nifty50 -- plunging about 1.30-1.40% each as a fresh spike in COVID-19 cases spooked investors, prompting them to book profit amid the ongoing dream run.

The crack, which came during the second half of the trading session, wiped out nearly ₹9 lakh from investors' kitty as the market capitalization of all BSE-listed firms fell from ₹359.11 lakh crore on Tuesday to ₹350.01 lakh crore on Wednesday.

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