Sensex Crashes 1400 Points, Over Rs 6.5 Lakh Crore Investor Wealth Lost

Indian Share market fell sharply today. While BSE Sensex dropped 1,400 points, the Nifty 50 touched a low of 17,160. Similar trends have been noted in the other Asian markets.

New Delhi:The news of the new Covid variant has dented the market sentiment. The indexes were already reeling under the pressure of tightening monetary policy by the Federal Reserve, according to a report in Live Mint.

Tata Motors, ONGC, Hindalco and BPCL are the top losers of the day, according to data on NSE’s website. Tata Motors lost 4 per cent and ONGC lost 3.9 per cent in the early trade, on Friday. In Nifty50, pharma giants like Cipla and Dr Reddy’s are the top losers, according to BSE’s website.

Investors lost over Rs 6.5 lakh crore of wealth in the market, according to a report in Economic Times.

Elsewhere, Japan’s Nikkei 500 index is trading below 2,850 points, more than 2 per cent below the previous day. Hong Kong’s HS China 100 index is trading at 7,175, 2.29 per cent less than the day before, according to data available on Bloomberg’s website.

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