Home / Markets / News / Bears maul markets: Indices plunge 3.5%, m-cap worth Rs 8.8 trn wiped out

Bears maul markets: Indices plunge 3.5%, m-cap worth Rs 8.8 trn wiped out

The Sensex fell 1,708 points, or 3.4 per cent, to end the session at 47,883 -- the lowest close since January 29 -- while the Nifty 50 index closed at 14,311, declining 524 points, or 3.5 per cent

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The Sensex has almost wiped out its 2021 gains. After rising as much as 9.2 per cent, the index is now up just 0.3 per cent on a year-to-date basis

Sundar Sethuraman Mumbai

4 min read Last Updated : Apr 13 2021 | 1:05 AM IST

Indian shares tumbled on Monday as an alarming rise in Covid-19 infections and fresh stringent curbs to contain the spread of the coronavirus cast a shadow over the economic recovery.

The Sensex fell 1,708 points, or 3.4 per cent, to end the session at 47,883 -- the lowest close since January 29 -- while the Nifty 50 index closed at 14,311, declining 524 points, or 3.5 per cent. The fall was the biggest since February 26 and the second biggest in the past one year. It wiped out Rs 8.8 trillion of India’s market capitalisation.

Broad selling was seen across the market

Topics : Coronavirus Lockdown Markets Sensex Nifty Bears stock market Stock market crash investor wealth falls Maharashtra GDP

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