Investors poorer by over Rs 5 lakh cr this morning

May 19, 2022 10:45

Equity investors became poorer by over Rs 5 lakh crore in early trade on Thursday as domestic benchmark indices tumbled mirroring weak trends in global equities.

The 30-share BSE benchmark Sensex tanked 1,154.78 points to 53,053.75 in early deals tracking weak global markets, persistent foreign fund outflows and a spurt in crude oil prices.

The weak broader market trend pulled down the market capitalisation of BSE-listed firms by Rs 5,02,731.03 crore to Rs 2,50,74,714.78 crore in early trade. From the Sensex firms, Tech Mahindra, Infosys, Wipro, HCL Technologies, IndusInd Bank and TCS were the biggest laggards. ITC emerged as the only gainer from the 30-share pack. Asian markets in Seoul, Shanghai, Hong Kong and Tokyo were trading lower. Stock exchanges in the US had ended significantly lower on Wednesday. -- PTI

« Back to LIVE

TOP STORIES

Calculated call in RCB's win over SRH

RCB next takes on Gujarat Titans in Ahmedabad on Sunday before returning home against the same side on May 4.

SC seeks EC reply on fresh poll if NOTA gets majority in a constituency

The top court issued notice to the Election Commission on the PIL filed by author, activist and motivational speaker Shiv Khera.

All you need to know about VVPATs

To enhance transparency and verifiability in the poll process, the Conduct of Election Rules, 1961 were amended in 2013 to introduce the use of VVPAT machines. They were first used in the by-election to the Noksen assembly seat in Nagaland.

Cong suspends Surat candidate Kumbhani for 6 years, suspects BJP ties

A statement from the Congress said the party's disciplinary committee decided to suspend Kumbhani after a thorough discussion, adding it had come to the conclusion that the nomination form was rejected due to gross negligence on his part...

Efforts to weaken India's progress must be stopped: Justice Datta on EVM row

Writing his views in a separate verdict while concurring with the opinion of Justice Sanjiv Khanna, who was heading the bench, Justice Datta said the question of reverting to "paper ballot system", on facts and in the circumstances, does...