JOIN USThe total investors’ wealth, measured in terms of the combined market capitalisation of all the listed companies, declined by over Rs 2,54,153 crore at the end of trade on Monday to Rs 46,23,304.34 crore.
The total market capitalisation of all listed entities was at Rs 48,77,457.38 crore at the end of Friday last.
Analysts believe the budget fell short of high market expectations as it did not make clear how it would push forward with the divestment plans.
The government on Monday said the fiscal deficit for the financial year ending March 2010 would increase to 6.8 per cent of GDP from 6.2 per cent in the previous year. The 30-share Bombay Stock Exchange Sensex nosedived by 869.65 points at 14,043.40, after witnessing a low of 13,959, down 952 points.
Further, the 30-Sensex companies, which account for over 46 per cent of the total market capitalisation of all the companies, saw their combined market valuation decline by over Rs 1.23 lakh crore.