Investor wealth slumped by Rs1.55 lakhcrore today, dragged down by massive selling in the stock markets where nearly seven out of ten shares closed lower.
The BSE's benchmark Sensex nosedived by 526.41 points or 2.74 per cent to 18,719.29, registering its biggest single day fall since September 2011 on fears of fund outflows ifFederal Reserve sticks to its plan of slowing down monetary stimulus later this year.
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