Market mayhem: Investors lose Rs 11.31 lakh cr in 6 days

The market capitalisation of BSE-listed companies stood at Rs 1,48,76,217.22 crore, down by Rs 11,31,815.5 crore in six sessions. Since September 16, the 30-share BSE benchmark index has fallen by 2,749.25 points. Pic Credit: Reuters

In Thursday's trade, barring Hindustan Unilever, all Sensex constituents ended in the red. IndusInd Bank emerged as the biggest laggard, falling 7.10 per cent, followed by Bajaj Finance, M&M, Tech Mahindra, TCS and Tata Steel. Pic Credit: PTI

"The looming uncertainty over stimulus package in the US combined with issue of rising COVID cases worldwide have raised concerns over economic recovery," said Ajit Mishra, VP - Research, Religare Broking Ltd. In the broader market, the BSE smallcap and midcap indices skidded up to 2.28 per cent. Pic Credit: Reuters

At the BSE, a total of 2,025 companies declined, while 625 advanced and 162 remained unchanged. All sectoral indices closed the day with losses, with BSE IT index dropping 4.45 per cent, followed by teck, auto, metal, realty, basic materials, bankex and finance. Pic Credit: PTI

"The uncertainty regarding economic recovery, unabated rise in virus infections, and today being derivatives expiry day, all contributed to the negativity," said Vinod Nair, Head of Research at Geojit Financial Services. Pic Credit: Reuters

Sumeet Bagadia, Executive Director - Choice Broking, said fears over fresh lockdown restrictions in Europe amid rising infections and uncertainty over US stimulus package dented investor sentiment. Pic Credit: PTI