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Following the announcement, the market capitalisation of BSE-listed tanked to Rs 259 lakh crore in the afternoon trade on Wednesday against Rs 265.88 lakh crore on May 2.
This was its biggest decline since March 23, 2020, and the fourth-worst fall ever in absolute terms
This was its biggest decline since March 23, 2020, and the fourth-worst fall ever in absolute terms
BSE and NSE's Friday performance implied that the benchmark indices fell on six instances in the last eight days of trade. Fear about the new coronavirus variant and Fed outcome dominated investor sentiments.