Mkts Plunge 1.30% As FII Outflows Continue

Mumbai: Equity benchmark indices Sensex and Nifty slumped over one per cent on Tuesday, weighed down by an across-the-board selloff amid cautious investors approach ahead of the US Fed interest rate decision. Besides, the continued flight of foreign capital from Indian markets amid a negative global market trend also affected the sentiment, traders said.

Falling for the second day in a row, the 30-share BSE benchmark Sensex tanked 1,064.12 points or 1.30 per cent to sink below the 81,000 level at 80,684.45. During the day, it slumped 1,136.37 points or 1.39 per cent to 80,612.20. As many as 2,442 stocks declined, while 1,576 advanced and 89 remained unchanged on the BSE. The NSE Nifty tumbled 332.25 points or 1.35 per cent to 24,336.

“Widespread pessimism prevails across all sectors ahead of key policy decisions from the US Fed, BoJ (Bank of Japan), and BoE (Bank of England). While the market has already factored in a 25-bps cut from the US Fed, it remains vigilant for any hawkish signals,” said Vinod Nair, Head (research), Geojit Financial Services.

Mkt crash evaporates Rs 5-trn investors’ wealth

Investors’ wealth tumbled Rs4.92 lakh crore on Tuesday amid a sharp sell-off in the equity mar-ket. The market capitalisation (mcap) of BSE-listed firms eroded by Rs4,92,644.06 crore to Rs4,55,13,913.24 crore (Rs455.14 lakh cr or $5.36 trn)