<p>Investors' wealth tumbled Rs 4.48 lakh crore during day trade on Friday with the BSE benchmark plummeting 1,488 points tracking weak global trends.</p>.<p>The 30-share benchmark index tumbled 1,488.01 points during the day to 57,307.08.</p>.<p>The market capitalization of BSE-listed tanked Rs 4,48,223.31 crore to Rs 2,61,18,730.57 crore during the day.</p>.<p>"Equity markets have plunged almost 2 per cent amid the emergence of a new, highly mutated Covid-19 variant. The EU announced a temporary ban of flights from South Africa and few EU countries are already under full lockdown scenario.</p>.<p>"Thus, there is fear of this new variant spreading to other countries which might again derail the global economy," said Hemang Jani, Head of Equity Strategy & Senior Group VP, Broking & Distribution, Motilal Oswal Financial Services.</p>.<p>Tata Steel, HDFC, IndusInd Bank and Maruti were the biggest laggards, tanking up to 4.2 per cent.</p>.<p>The BSE midcap and smallcap indices were trading up to 2 per cent lower. </p>.<p><strong>Check out DH's latest videos</strong></p>
<p>Investors' wealth tumbled Rs 4.48 lakh crore during day trade on Friday with the BSE benchmark plummeting 1,488 points tracking weak global trends.</p>.<p>The 30-share benchmark index tumbled 1,488.01 points during the day to 57,307.08.</p>.<p>The market capitalization of BSE-listed tanked Rs 4,48,223.31 crore to Rs 2,61,18,730.57 crore during the day.</p>.<p>"Equity markets have plunged almost 2 per cent amid the emergence of a new, highly mutated Covid-19 variant. The EU announced a temporary ban of flights from South Africa and few EU countries are already under full lockdown scenario.</p>.<p>"Thus, there is fear of this new variant spreading to other countries which might again derail the global economy," said Hemang Jani, Head of Equity Strategy & Senior Group VP, Broking & Distribution, Motilal Oswal Financial Services.</p>.<p>Tata Steel, HDFC, IndusInd Bank and Maruti were the biggest laggards, tanking up to 4.2 per cent.</p>.<p>The BSE midcap and smallcap indices were trading up to 2 per cent lower. </p>.<p><strong>Check out DH's latest videos</strong></p>