Equity investors' wealth tumbles by Rs 7.93 trillion in three days

Investors' wealth tumbled Rs 7.93 lakh crore in three days of market crash amid escalating tensions in the Middle East and weak global trends. Continuing its downtrend for the third day running on Tuesday, the 30-share BSE Sensex tanked 456.10 points or 0.62 per cent to settle at 72,943.68. During the day, it slumped 714.75 points or 0.97 per cent to 72,685.03. The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days. In the past three days, the BSE benchmark tanked 2,094.47 points or 2.79 per cent. "Markets extended their losing streak for a third straight session on the back of weak global cues as a sharp rise in US bond yields due to rising Middle East tensions has made equity markets less attractive and prompted investors to resort to profit-taking. "Investors are fearing that the ongoing conflict could fuel buoyancy in crude oil prices and in turn weigh on inflation," Prashanth Tapse, Se
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