The BSE Sensex was trading 718.8 points lower at 59,087.48. (File)
Mumbai:
Equity investors lost over Rs 2.67 lakh crore in early trade on Friday as markets witnessed a sell-off amid weak global trends.
The market capitalization of BSE-listed companies, which is also an indicator of investor wealth, declined to Rs 2,61,63,222.07 crore from Rs 2,67,539.54 crore, mainly due to a negative market.
Of the 3,206 traded shares, 1,966 declined, 1,109 advanced, and 131 remained unchanged. On Thursday, the market price stood at Rs 2,64,30,761.61 crore.
In just one hour of trading on Friday, the benchmark indices Sensex and Nifty were in the red, reflecting weak investor sentiment.
The 30-share BSE barometer was trading down 718.8 points, or 1.20 percent, at 59,087.48 at 1015 hours.
28 of its constituents were engaged in red trade. Tata Motors and Maruti bucked the trend, gaining 0.73 and 0.16 percent respectively.
A heavy sell-off in financials, banking, IT and capital goods stocks led by weaker Asian markets and overnight losses in the US market weighed on the benchmark indices, analysts said.
The Nifty fell 1.05 percent, or 184.25 points, to 17,405.35 as 42 stocks declined. Adani Enterprises fell the most among Nifty stocks by 2.62 percent.
Foreign institutional investors (FIIs) emerged as net sellers in the capital market on Thursday as they sold shares worth Rs 561.78 crore, according to stock exchange data.
(Except for the headline, this story was not edited by NDTV staff and was published on a syndicated channel.)
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