Investors lose Rs 4.6 trillion as Sensex slips 840 points

Investors' stock market wealth eroded by more than Rs 4 trillion on Friday after the BSE S&P Sensex slumped an over 800 points amid the Budget 2018 proposal to levy 10% long term capital gains tax (LTCG) on sale of equity investments. Negative cues from the global markets also hurt sentiment.

The S&P BSE Sensex tumbled 2.34% or 840 points, to settle at 35,067, its biggest single-day fall in percentage terms since November 11, 2016, when the index plunged 2.54% or 699 points. Nifty 50 index too, plunged 2.3% or 256 points to settle at 10,761.

The S&P