Taking Stock: Manic Monday! Investors lose Rs 3 lk cr amid rising Middle-East tensions
Episode 2089, Jan 06, 2020, 11:15 AM
The S&P BSE Sensex plunged nearly 800 points to register its biggest single-day fall in a year while Nifty50 breached 12,000 to post its biggest one-day fall in six months. Volatility index surged over 16 percent, the biggest single-day gain in a year.
Rising Middle-East tensions wiped out almost Rs 3 lakh crore in terms of market wealth, pushed crude oil prices towards $70/bbl, and rupee to its lowest level since November 14.
The market capitalisation of BSE-listed companies stood at Rs 153.86 lakh crore, down nearly Rs 3 lakh crore from Friday’s close of Rs 156.87 lakh crore, data showed.