Investors poorer by Rs 6.5 trillion in two days as Sensex tanks over 1,500 points
NEW DELHI: A decline in equities for two sessions has eroded investors’ wealth by more than Rs 6.57 trillion. The 30-share BSE Sensex tumbled 872.28 points or 1.46 per cent to settle at 58,773.87 points on Monday. In two straight sessions, the benchmark index has tanked 1,524.13 points or 2.52 per cent. The weak trend […]
Debt MFs outflow continues; investors withdraw Rs 70,000-crore in June quarter
NEW DELHI: Investors continued to withdraw from mutual funds focused on investing in fixed-income securities for third consecutive quarter and pulled out over Rs 70,000 crore in April-June due to high inflation and an increasing rate cycle. “In the next (September) quarter, it is safe to assume that monetary conditions will be tighter in terms […]
Adani group stocks shed $6 billion despite rejecting reports on investors
NEW DELHI: Shares in companies controlled by billionaire Gautam Adani shed more than $6 billion on Monday despite rejecting media reports that said accounts of three investor funds that own stocks had been frozen. Adani Group flagship Adani Enterprises closed down 6.3 per cent after plunging as much as 25 per cent, its steepest fall […]
Despite Covid-19 pandemic, Maharashtra proves ‘magnetic’ for investors
NEW DELHI: Amid the Covid-19 pandemic, Maharashtra remains the biggest magnet for investors, attracting a whopping Rs 1.12 lakh crore plus worth of industrial investments in the past six months, Chief Minister Uddhav Thackeray said on Tuesday. The state signed 25 fresh MoUs with investment commitments of Rs 61,000 crore spanning 15 different sectors, with […]
Investors lose Rs 2.22 lakh crore as equities plunge
NEW DELHI: Investor wealth eroded by Rs 2.22 lakh crore on Thursday as markets recorded their biggest single-day fall this year after RBI delivered a rate cut on expected lines, but failed to assuage concerns regarding the NBFC sector. The 30-share BSE Sensex plummeted 553.82 points, or 1.38 per cent, to close at 39,529.72. Tracking […]