Market Downturn: Investors Face Rs 16.26 Lakh Crore Loss Amid Middle East Tensions

Investors experienced significant losses as the BSE market capitalisation plummeted by Rs 16.26 lakh crore over five days due to tensions in the Middle East and withdrawal of foreign funds. The Sensex index saw a persistent decline, with sectors like realty, auto, and FMCG suffering notable setbacks.

Investors have suffered substantial losses as market capitalisation of BSE-listed firms slumped by Rs 16.26 lakh crore over a turbulent five-day period.

The downturn, driven by escalating Middle East tensions and foreign fund outflows, saw the Sensex plummet by 4,147.67 points, a decline of 4.83%. This dramatic drop affected several sectors, including realty, auto, and FMCG, though IT stocks offered a glimmer of positivity, benefiting from anticipated US rate cuts.

Despite broader market pessimism, select companies like Infosys, Tech Mahindra, and Tata Consultancy Services emerged as gainers. Experts foresee continued volatility, primarily due to rising crude prices and fund reallocations to more affordable markets.

(With inputs from agencies.)