Millennium Post
Business

Stock market loses $100 bn in four days

The four-day carnage in stock markets has left investors poorer by over $100 billion, while they suffered a loss of more than Rs one lakh crore in Wednesday’s trade itself.

Measured in terms of total market capitalisation of all listed companies, the investor wealth in Indian stocks on Wednesday fell to Rs 58,60,000 crore -- registering a loss of close to Rs 1,09,000 crore from yesterday’s level.

During the same period, the total market capitalisation has plunged by more than Rs 4.35 lakh crore.

In the US dollar terms, the total market capitalisation has fallen from $1,025 billion to little over $900 billion in the past four days. India was recently edged out of the elite global league of stock markets with a trillion-dollar market capitalisation and its valuation continues to slip further below with persisting weakness in stocks and rupee values.
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