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Bloodbath on Dalal Street erodes nearly Rs 5 lakh crore over global coronavirus scare

Bloodbath on Dalal Street erodes nearly Rs 5 lakh crore over global coronavirus scare

Friday, February 28, 2020, 9:52 PM

Domestic investor wealth plummeted by nearly Rs 5 lakh crore on Friday as equity markets crashed tracking global equity selloff amid rising uncertainty over the economic impact of coronavirus outbreak. Market capitalisation (m-cap) of BSE-listed companies saw a massive decline after the 30-share index sank 1,100.27 points, or 2.77%, to 38,645.39, and the NSE Nifty cracked 329.50 points, or 2.83%, to 11,303.80.
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