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Sensex Down 709 Points, Investor Wealth Shrinks by ₹7.15 Lakh Crore amid Markets Plunge; Check Details

Indian markets saw a sharp ₹7.15 lakh crore loss in investor wealth Friday morning, as the Sensex and Nifty dropped significantly, driven by plunging IndusInd Bank shares and continued foreign outflows.
Sensex Down 709 Points, Investor Wealth Shrinks by ₹7.15 Lakh Crore amid Markets Plunge; Check Details

Investor wealth took a severe hit of around ₹7.15 lakh crore on Friday morning as Indian equity markets sharply declined. This drop was largely influenced by IndusInd Bank’s shares plunging, coupled with ongoing foreign fund outflows. The BSE Sensex fell 708.69 points to 79,356.47, while the NSE Nifty dropped 286.35 points to 24,113.05.

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Market capitalisation of BSE-listed firms plummeted by ₹7,15,739.19 crore, reaching a total of ₹4,36,63,565.73 crore ($5.19 trillion) during the early trading session. The fall followed the weak performance of major stocks, including IndusInd Bank, which saw a 19% drop after reporting a 40% decline in quarterly net profit to ₹1,331 crore, raising concerns over its asset quality.

Other prominent losers from the Sensex pack included Mahindra & Mahindra, NTPC, Larsen & Toubro, Adani Ports, Titan, Tata Steel, and JSW Steel. Meanwhile, ITC emerged as a top performer, gaining over 3% after posting a 1.8% increase in net profit at ₹5,054.43 crore for Q2, with revenue surging by 15.62% to ₹22,281.89 crore.

Also Read: Q2 Results Today: 40 Major Companies Set to Announce Earnings; Don’t Miss Out This List!

Foreign Institutional Investors (FIIs) sold ₹5,062.45 crore in equities on Thursday, while Domestic Institutional Investors (DIIs) bought shares worth ₹3,620.47 crore, according to exchange data.

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Across Asian markets, Seoul, Shanghai, and Hong Kong showed gains, though Tokyo traded lower. US markets closed largely higher on Thursday, while Brent crude saw a slight increase to $74.61 a barrel.

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Godavari Biorefineries IPO 1.83 गुना सब्सक्रिप्शन के साथ संपन्न – जानें प्रमुख बातें जो आपको नहीं चूकनी चाहिए!

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