Rs 6 lakh crore investor wealth wiped out after record Covid-19 cases roil market sentiment
Market cap of BSE-listed firms fell by Rs 5.82 lakh crore after investor wealth declined to Rs 199.89 lakh crore against Rs 205.71 lakh crore in the previous session
BusinessToday.In | April 19, 2021 | Updated 13:41 IST
This led the Sensex to slip 1,470 points intra day to 47,362 against previous close of 48,832. Nifty too crashed 426 points intra day to 14191 against previous close of 14,617.
Investors lost nearly Rs 6 lakh crore on an intra day basis today after Sensex and Nifty witnessed across the board selling due to a record surge in coronavirus cases in the country. Market cap of BSE-listed firms fell by Rs 5.82 lakh crore after investor wealth declined to Rs 199.89 lakh crore against Rs 205.71 lakh crore in the previous session.
By siliconindia | Monday, 05 April 2021, 04:27 Hrs Foreign portfolio investors (FPI) continued to flock to Indian equities in March with net inflow into the segment at Rs 10,482 crore. However, amid surging bond yields globally and resurgence of Covid cases both in Indian and Europe, the investments have declined. The net FPI inflow last month was less than half of that in February. Net FPI inflow in equities stood at Rs 25,787 crore in February. The bull run in the Indian equities was brought to a halt last month by a surge in the US bond yields. High bond yields are likely to impact the market in the near future too, analysts said.
RBI policy decision, macro data, COVID-19 trends to drive markets this week: Analysts
New Delhi, Apr 4: RBI interest rate decision, macroeconomic data, COVID-19 trends and global cues would drive equity markets this week, analysts said.
They also said that the markets may see some consolidation ahead of the earnings season which would start from mid-April.
“Going ahead, Indian markets are likely to track global cues after the recent announcement of investment plan by the US President. Further, investors would now focus on upcoming quarterly results which would kick start from mid-April,” Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd said.
Net FPI inflow into equities at Rs 10,482 cr in March
By IANS |
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Dollar.. Image Source: IANS News
Mumbai, April 4 : Foreign portfolio investors (FPI) continued to flock to Indian equities in March with net inflow into the segment at Rs 10,482 crore.
However, amid surging bond yields globally and resurgence of Covid cases both in Indian and Europe, the investments have declined.
The net FPI inflow last month was less than half of that in February. Net FPI inflow in equities stood at Rs 25,787 crore in February.
The bull run in the Indian equities was brought to a halt last month by a surge in the US bond yields. High bond yields are likely to impact the market in the near future too, analysts said.
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