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Investors lose whopping Rs 30.60 lakh cr
image for illustrative purpose
The disruption to market confidence caused by Lok Sabha poll results on Tuesday evaporated market capitalization two times the gain it witnessed on Monday.
Mcap fell by a whopping by Rs30.60 lakh crore to Rs395.31 lakh crore ($4.73 trillion) at end of the session. Monday’s bull run after NDA-favoured exit poll added Rs13.78 lakh cr to mcap that rose to Rs425.91 lakh cr ($5.13trn). Since May 2014, the Indian capital market gained over Rs300 lakh crore under NDA rule.