Loss In Equities

The SoftBank-backed company reported losses of Rs 102 crore in FY22 after reporting a profit of Rs 28 crore in the previous financial year

Investors saw their wealth plunge by Rs 1.84 lakh crore on Wednesday following heavy losses in the equity market where the benchmark Sensex plummeted 504 points. The 30-share BSE gauge ended 503.62 points, or 1.29 per cent, lower at 38,593.52. During the day, the index dived as much as 586.17 points. Dragged by massive sell-offs, the market capitalisation of BSE-listed firms tumbled by Rs 1,84,483.79 crore to Rs 1,46,88,763.39 crore. Indian equities followed the negative global sentiment triggered by top US Democrat and the speaker of the House of Representatives Nancy Pelosy's announcement of opening a formal impeachment inquiry into President Donald Trump. S Ranganathan, Head of Research, LKP Securities, said, "Political uncertainty in the US amidst impeachment talks pulled indices lower." On the Sensex chart, 24 scrips closed the day lower led by SBI, Tata Motors, Maruti, Yes Bank, M&M, HDFC, ITC and Vedanta plunging up to 7.37 per cent. On the BSE, 1,755 scrips declined, 762

You can carry forward losses for up to 8 years and set it off against future capital gains