Zee Media Bureau
New Delhi: Amidst concerns of further decline in the Indian stock market, investors have pressed the panic button already, leading to speculations that markets might fall further on Tuesday.
The poor sentiments in the stock market are backed by meltdown in global markets, with Asian bourses ending in deep red.
The benchmark Sensex Monday took the bloodiest blow of its lifetime, crashing 1,624.51 points -- its biggest single-day fall -- ending below 26,000 on heavy outflows as the rupee sank 82 paise to a fresh 2-year low of 66.65.
The total investor wealth, measured in terms of cumulative market value of all listed stocks, tanked by more than Rs 7 lakh crore and crashed below Rs 100-lakh crore mark to end the day at Rs 95,33,105 crore.
The rupee was also not untouched by the carnage, which hit a fresh two-year low of 66.66 versus the US dollar, hitting the investors' appetite hard.
However, optimism in the market cannot be denied with crude oil prices playing some role in lifting up the sentiments. Analysts believe that the global risk-off trade has impacted Indian equity markets also, but added that there were some positive longer-term takeaways, including the plunge in crude prices to USD 44 per barrel.
With PTI Inputs
