Stock market crash: Investors lose Rs 4 lakh crore in wealth in 5 minutes


The Economic Times reports:
NEW DELHI: A sharp plunge in domestic stocks on Thursday morning wiped off Rs 4 lakh crore of investor wealth within the first five minutes of the session. Data showed that the combined market capitalisation of all BSE-listed companies got eroded to Rs 134.38 lakh crore in the initial trades, data available with the BSE showed. This is against a market value of Rs 1,38,39,750 crore, the BSE listed companies commanded on Wednesday, and a high of Rs 1,59,34,696 crore they enjoyed on August 30.
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