Market selloff: Investors' wealth falls by Rs 5.31 trillion in two days

Investors' wealth has tumbled by Rs 5,31,261.2 crore in two days of equity market decline amid a bearish trend overseas.

Sliding for the second consecutive session on Monday, the 30-share BSE benchmark Sensex plunged 524.96 points or 0.89 per cent to close at 58,490.93. During the day, it dropped 626.2 points to 58,389.69.

In the previous session, the index settled 125.27 points or 0.21 per cent lower at 59,015.89.

Following the weak trend, the market capitalisation of BSE-listed companies tumbled Rs 5,31,261.2 crore in two days to reach Rs 2,55,47,093.92 crore.

"Following high volatility and weak global sentiments, the domestic market ended in a