<p>Investor wealth plummeted by over Rs 10 lakh crore in the first hour of trade on Monday as the equity markets went into a tailspin and sank 10 per cent.</p>.<p>Rising cases of coronavirus (Covid-19) has hit market sentiment negatively, with the equity markets starting the week with a massive selloff.</p>.<p><strong><a href="www.deccanherald.com/business/business-news/markets-live-updates-markets-fail-to-recover-sensex-crashes-3000-points-nifty-below-8000-816622.html" target="_blank">Follow today's market developments live</a></strong></p>.<p>The market capitalisation of BSE-listed firms dropped by Rs 10,29,847.17 crore to Rs 1,05,79,296.12 crore just before the trading was halted for 45 minutes.</p>.<p>Markets took a heavy beating as the BSE benchmark index plunged 2,991.85 points or 10 per cent -- its lower circuit limit.</p>.<p>All the constituents from the BSE 30-share index witnessed selling led by Axis Bank, ICICI Bank, IndusInd Bank and Bajaj Finance, tanking up to 19.98 per cent.</p>.<p>All the sectoral indices too traded with heavy losses led by bank, realty and finance.</p>.<p>Market heavyweights RIL tumbled 11.57 per cent and TCS tanked 5.84 per cent. </p>
<p>Investor wealth plummeted by over Rs 10 lakh crore in the first hour of trade on Monday as the equity markets went into a tailspin and sank 10 per cent.</p>.<p>Rising cases of coronavirus (Covid-19) has hit market sentiment negatively, with the equity markets starting the week with a massive selloff.</p>.<p><strong><a href="www.deccanherald.com/business/business-news/markets-live-updates-markets-fail-to-recover-sensex-crashes-3000-points-nifty-below-8000-816622.html" target="_blank">Follow today's market developments live</a></strong></p>.<p>The market capitalisation of BSE-listed firms dropped by Rs 10,29,847.17 crore to Rs 1,05,79,296.12 crore just before the trading was halted for 45 minutes.</p>.<p>Markets took a heavy beating as the BSE benchmark index plunged 2,991.85 points or 10 per cent -- its lower circuit limit.</p>.<p>All the constituents from the BSE 30-share index witnessed selling led by Axis Bank, ICICI Bank, IndusInd Bank and Bajaj Finance, tanking up to 19.98 per cent.</p>.<p>All the sectoral indices too traded with heavy losses led by bank, realty and finance.</p>.<p>Market heavyweights RIL tumbled 11.57 per cent and TCS tanked 5.84 per cent. </p>