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Weak trend in equities make investors poorer by Rs 7.9 lakh crore

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Weak trend in the equities have made investors poorer by Rs 7.9 lakh crore since the beginning of the month as sentiment remained muted amid global growth worries and sharp dip in oil prices.

The BSE 30-share Sensex has plummeted by 1,631.59 points or 6.24 per cent to 24,485.95 so far this month. The index had hit its 52-week low of 23,839.76 on January 20.

Tracking the extreme weakness in the stock market, the total investor wealth of firms listed at BSE plunged by Rs 7,96,903 crore to Rs 92,40,831 crore from Rs 1,00,37,734 crore at the end of December 31.

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