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March 23, 2020

Taking Stock: Rs 14 lakh cr M-cap eroded in a day; Sensex below 26,000

It was a fast and furious fall we witnessed on D-Street which pushed the S&P BSE Sensex below 26,000 while the Nifty50 plunged more than 1,000-points to break multiple support levels on its way down.

Investors lost nearly Rs 14 lakh cr in terms of market capitalisation. The average market capitalisation of the BSE-listed companies fell from Rs 116.09 lakh cr recorded on March 20 to Rs 102.13 lakh cr as on March 23.

Let’s look at the final tally on D-Street on March 23 – the S&P BSE Sensex dropped 3,934 points to record worst ever one-day decline in absolute terms. The index closed at 25,981.

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