Mumbai: Investors on Dalal Street witnessed wealth erosion of over Rs 11 lakh crore in the last six trading sessions as sentiments remained cautious due to massive sell-off in global stocks, rising COVID-19 cases and expiry of September derivatives contracts on Thursday.
Sensex tanked nearly 2,750 points, or 7 per cent, to 36,553 during September 16-24.
Led by weak sentiments, market capitalisation of BSE-listed firms declined to Rs 148.85 lakh crore from Rs 160.08 lakh crore on September 16.
As many as 49 components in the Nifty index eroded investors’ wealth during the period.
IndusInd Bank, Tata Motors, Tata Steel and Bharti Infratel declined 21 per cent, 19 per cent, 15 per cent and 14.20 per cent, respectively.
On the other hand, Dr Reddy’s emerged as a lone gainer with a rally of 9.30 per cent.