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The Indian stock market’s benchmark Sensex tumbled 1404 points on Monday amid a selloff in the global equities leading to an erosion of nearly Rs 6 lakh crore in the combined value of listed companies.
The 30 stock S&P BSE Sensex tumbled 1404.39 points or 2.59 per cent to trade at 52,899.05 points at 12.29 pm, against its previous day’s close at 54,303.44 points.
Earlier, the Sensex opened sharply down at 53,184.61 points and tumbled to a low of 52,734.98 points. This is the second consecutive session of a sharp drop in the benchmark index.
The Sensex had lost 1016.84 points or 1.84 per cent on Friday.
The broader Nifty 50 of the National Stock Exchange tumbled 416.65 points or 2.57 per cent to 15,785.15 points against its previous day’s close at 16,201.80 points.
Earlier, the Nifty opened deep in the red at 15,877.55 points and slumped to a low of 15,749.90 points. The selloff has led to erosion of around Rs 6 lakh crore of investors’ wealth.
