In an early selloff, D-St investors lose Rs. 6 lakh crore!


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The benchmark BSE Sensex for the domestic equities market fell 1,093.22 points to close below 59,000, while the NSE’s Nifty50 index fell as low as 17,550.

As the overall market capitalization of BSE-listed companies fell during the session from Rs 279.8 lakh crore to Rs 285.9 lakh crore, domestic investors lost more than Rs 6 lakh crore from their funds.

The Indian benchmark indices declined as a result of weakness in the international markets. Following a dismal trading session in US markets overnight, Asian rivals including Nikkei, Kospi, and Hang Seng were trading with significant losses.

Following fresh weakness in US stocks, Asian stocks were poised for a fifth week of losses as investors prepared for a rate hike by the US next week amid mounting worries of a global recession in the wake of warnings from the World Bank and the International Monetary Fund. Deepak Jasani, head of retail research at HDFC NSE -2.25% securities, stated

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