INSUBCONTINENT EXCLUSIVE:
Investors poorer by over Rs 2.6 lakh crore on Tuesday's stocks' sell-offThe snap-in five-day winning runs for domestic equity indices
shaved over 2.6 lakh crore of investors' wealth on Tuesday.In a volatile trading session, the 30-share BSE Sensex tanked over 700 points,
US central bank is expected to raise rates for the first time since the COVID-19 pandemic at its meeting, which concludes on
2-6 per cent target band for a second straight month.The sell-off in the Indian share market made investors poorer by 2.61 lakh crore on
In line with the weak trend in equities, the market capitalisation of BSE-listed firms tumbled by Rs 2,61,145.72 crore to Rs 2,51,66,630.06
crore on Tuesday."Domestic indices erased its early gains amid weakness in global markets
Also, the increase in retail inflation to 6.07 per cent in February impacted sentiments," Siddhartha Khemka, Head - Retail Research, Motilal
Russia, concerns about fresh cases of coronavirus in China and an expected US Fed interest rate hike weighed on investor sentiments," he
added.That fall in equities comes despite oil prices sinking nearly 6 per cent to a touch above $100, down for a second straight session.
