Investors lose over Rs 2 lakh crore in two days

Investors lose over Rs 2 lakh crore in two days

The Indian bourses today saw heavy selling by investors for the second straight day on worries of the mounting debt worries in the US and Europe and fears of the American economy slipping back into recession.

The benchmark Sensex has lost nearly 700 points in just two trading sessions, including a 328-point plunge today.

In the process, the total investor wealth in the market, measured in terms of cumulative market valuation of all listed shares, has fallen by nearly Rs 2.05 lakh crore in two trading sessions.

The market has been under pressure amid global economic worries for past few weeks and close to Rs seven lakh crore have been wiped off from investors' wealth so far this month.

At the end of July 2011, the total investor wealth stood at about Rs 66,17,273 crore, which has fallen by about Rs 6.9 lakh crore or over 10 per cent to Rs 59,29,249 crore currently.

The Sensex has also lost about 2,000 points since the beginning of this month, amounting to a fall of over 10 per cent.