Investors lose Rs 2.28 lakh crore as Sensex, Nifty nosedive
The realty and IT index were the biggest losers that shed over 2 percent
December 06, 2018 / 04:19 PM IST
Majority of the stocks declined on December 6 as Indian benchmark indices tanked. Nifty closed 181 points lower at 10,601 and the Sensex plunged 572 points ending the day at 35,312.
The total market capitalisation of BSE listed companies stood at over Rs 142 lakh crore on December 5 which came down to a litle below 140 lakh crore on December 6 resulting in a loss of Rs 2.28 lakh crore.
Uncertainty of trade relations between the US and China and weakness in the rupee which crossed the 71/$ mark once gain along with state election results which is due next week have added to weak investor sentiment.
The realty and IT index were the biggest losers that shed over 2 percent. Realty was dragged by DLF and Unitech which had market capitalisation of Rs 30,059.48 crore and Rs 583.44 crore, respectively.
Also, in the IT space, Aptech was quoting at Rs 166.25, down Rs 9.00, or 5.14 percent with market capitalisation at Rs 663.23 crore. Infibeam Avenues was quoting at Rs 45.20, down Rs 2.10, or 4.44 percent. The market cap of Infibeam stood at Rs 2,998.53 crore.
At the BSE, 1,809 stocks declined, while 740 advanced and 148 remained unchanged at the end of regular market hours. As many as 195 stocks hit their respective 52-week lows.