A morning walk down Dalal Street | Volatile swings could continue in the market ahead of election results
Episode 1158, May 07, 2019, 01:28 AM
It was a Black Monday on D-Street as investors lost Rs 1.25 lakh crore on the BSE in a single trading session, thanks to the global volatility.
The average market capitalisation of BSE listed companies fell from Rs 151.62 lakh crore recorded on May 3 to Rs 150.37 lakh crore on May 6 which translates into a fall of Rs 1.25 lakh crore.
India VIX rose 10 percent and the market breadth was inclined towards the sellers. All the sectoral indices except IT were in the red on May 6.
In terms of sectors, the S&P BSE Consumer Durable index plunged 2.8 percent followed by the S&P BSE Metal index which was down 2.07 percent, and the S&P BSE Realty index was down 1.5 percent.