MUMBAI – India’s BSE benchmark index plummeted over 1,000 points during themorning trade Thursday, investor wealth got eroded by over Rs 3 lakh crore.
The BSE benchmark Sensex Thursday crashed over 1,000 points to slip belowthe key 34,000-mark in early trade, tracking a global sell-off.
Led by the sharp carnage in equities, the market capitalisation ofBSE-listed companies slumped Rs 3,05,625.87 crore to Rs 1,35,59,695.82crore in late morning trade.
The 30-share BSElinkbarometer,which had gained 461.42 points Wednesday, crashed 1,037.36 points to hit alow of 33,723.53.
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“Indian stock markets have fallen sharply Thursday. This is a continuationof the sharp fall we have witnessed in the stock prices over the lastcouple of weeks (except for one or two days of exception).
