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Equity investors’ wealth falls by Rs 2.39 lakh cr as markets sink

Investors’ wealth fell by Rs 2.39 lakh crore on Monday in line with a weak trend in the global equity markets. The BSE Sensex tanked 861.25 points or 1.46 per cent to settle at 57,972.62. During the day, it tumbled 1,466.4 points or 2.49 per cent to 57,367.47. “Investors had already got the wind of bearish undertone for the start of the week after the US Fed chairman’s speech on Friday talked about further rate hikes going ahead to tame inflation. And as expected, Sensex crashed nearly 1,500 points in early trades before recovering some ground to close off its …

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