Erosion of over Rs 3 lakh crore in investor assets

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- Rs. 3974 crore for sale

- 1017 Sensex and Nifty 274 points gap at the end of trading

AHMEDABAD: With the rupee depreciating against the dollar and rising global oil prices, fears of rising inflation were offset by a sell-off in the Indian stock market. As a result, investors' wealth (BSE market tape) is Rs. More than Rs 2 lakh crore was eroded.

Globally, the Russia-Ukraine war has disrupted global economic growth, with fears of a resurgence in oil prices and rising inflation.

In addition, next week's federal meeting will see a rise in interest rates, as well as the release of global inflation data.

As a result, the rupee fell to a record low of 7.5 today.

On the other hand, continued selling by foreign investors dampened sentiment. In addition, the retreat of global markets yesterday (Thursday) was also affected.

Following these reports, the Sensex plunged by 1013.6 points to close at 203.5 after trading at a low of 205 at one point on heavy selling pressure after the stock started trading low today. The Nifty fell 3.50 points to close at 1901.50.

Investors' wealth (BSE market cap) rose by Rs. Erosion of Rs 2.11 lakh crore at the end of Rs. 31.5 lakh crore. Foreign investors today raised Rs. 2 crore was sold.

786 points gap in Dow Jones

The US stock market plunged in early trading today as inflation soared to a 30-year high and bond yields soared.

In the early stages of trading, the Dow Jones fell 4 points to 316 and the Nasdaq fell 214 points to 114.

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