<p>Investors have lost a whopping Rs 4.14 lakh crore in two days of trading as stock markets continued to face heavy selling pressure for the second straight session on Tuesday.</p>.<p class="bodytext">The BSE benchmark index crashed 509.04 points, or 1.34%, to end at 37,413.13 due to heavy selling in FMCG, metal, auto and financial stocks amid growing concerns over intensifying global trade war. This is the weakest closing since August 2 when it had ended at 37,165.16. It had lost 467.65 points the previous day.</p>.<p class="bodytext">Total investor wealth is measured in terms of the cumulative market value of all listed stocks on BSE.</p>.<p class="bodytext">Led by the steep decline in stocks, the market capitalisation of BSE-listed companies tumbled by Rs 4,14,121.84 crore to Rs 1,53,25,666 crore in two consecutive days. Experts said that rupee depreciation is a big concern for market sentiment.</p>.<p class="bodytext">The 30-share index tanked more than 1% for the second day in a row after the rupee slid to a new life-time low of 72.73 in afternoon trade. Stock markets had opened higher but bears regained control soon to wipe out initial gains as crude oil prices rebounded in Asian trade.</p>.<p class="bodytext">Besides, mounting tensions over trade war is a worrisome factor for the Indian market, experts said.</p>.<p class="bodytext">From the 30-share basket, 25 stocks ended with losses led by Tata Steel, Power Grid Corporation of India, Hero MotoCorp and Tata Motors.</p>.<p class="bodytext">The broader market also depicted bearish trend, with the S&P BSE mid cap falling by 1.36% and small cap index 1.37%. Sectorally, the BSE consumer durables index was the biggest drag, down 2.47%.</p>.<p class="bodytext">Surging crude oil prices, rupee plunging to record lows and widening trade deficit, besides negative global leads were major factors that dampened sentiments on the domestic bourses, a broker said.</p>.<p class="bodytext">In Asian trade, international benchmark Brent crude again went past $78 to trade at $78.52 a barrel, by rising 1.30% amid looming US sanction against Iran's petroleum industry.</p>.<p class="bodytext">Investors were cautious as trade war concerns between the US and China escalated, brokers said.</p>.<p class="bodytext">"The threat of trade tariffs, outflow of foreign funds and concern on domestic macros will influence investors to stay on a cautious note," Vinod Nair, Head of Research, Geojit Financial Services Ltd, said.</p>.<p class="bodytext">Moreover, expectations of a US interest rate hike this month by the Federal Reserve that may strengthen the dollar and accelerate sell-off by foreign funds in emerging markets too negatively impacted sentiments, brokers said.</p>
<p>Investors have lost a whopping Rs 4.14 lakh crore in two days of trading as stock markets continued to face heavy selling pressure for the second straight session on Tuesday.</p>.<p class="bodytext">The BSE benchmark index crashed 509.04 points, or 1.34%, to end at 37,413.13 due to heavy selling in FMCG, metal, auto and financial stocks amid growing concerns over intensifying global trade war. This is the weakest closing since August 2 when it had ended at 37,165.16. It had lost 467.65 points the previous day.</p>.<p class="bodytext">Total investor wealth is measured in terms of the cumulative market value of all listed stocks on BSE.</p>.<p class="bodytext">Led by the steep decline in stocks, the market capitalisation of BSE-listed companies tumbled by Rs 4,14,121.84 crore to Rs 1,53,25,666 crore in two consecutive days. Experts said that rupee depreciation is a big concern for market sentiment.</p>.<p class="bodytext">The 30-share index tanked more than 1% for the second day in a row after the rupee slid to a new life-time low of 72.73 in afternoon trade. Stock markets had opened higher but bears regained control soon to wipe out initial gains as crude oil prices rebounded in Asian trade.</p>.<p class="bodytext">Besides, mounting tensions over trade war is a worrisome factor for the Indian market, experts said.</p>.<p class="bodytext">From the 30-share basket, 25 stocks ended with losses led by Tata Steel, Power Grid Corporation of India, Hero MotoCorp and Tata Motors.</p>.<p class="bodytext">The broader market also depicted bearish trend, with the S&P BSE mid cap falling by 1.36% and small cap index 1.37%. Sectorally, the BSE consumer durables index was the biggest drag, down 2.47%.</p>.<p class="bodytext">Surging crude oil prices, rupee plunging to record lows and widening trade deficit, besides negative global leads were major factors that dampened sentiments on the domestic bourses, a broker said.</p>.<p class="bodytext">In Asian trade, international benchmark Brent crude again went past $78 to trade at $78.52 a barrel, by rising 1.30% amid looming US sanction against Iran's petroleum industry.</p>.<p class="bodytext">Investors were cautious as trade war concerns between the US and China escalated, brokers said.</p>.<p class="bodytext">"The threat of trade tariffs, outflow of foreign funds and concern on domestic macros will influence investors to stay on a cautious note," Vinod Nair, Head of Research, Geojit Financial Services Ltd, said.</p>.<p class="bodytext">Moreover, expectations of a US interest rate hike this month by the Federal Reserve that may strengthen the dollar and accelerate sell-off by foreign funds in emerging markets too negatively impacted sentiments, brokers said.</p>