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Rude shock for investors! Rs 6 lakh crore wiped off within 15 minutes of trade

BI India BureauNov 9, 2016, 11:59 IST

Donald Trump’s expected win in the US and Prime Minister Narendra Modi’s crackdown on black money gave a rude shock to investors.

Within 15 minutes of the trade on India’s Bombay Stock Exchange (BSE), investors lost whopping Rs 6 lakh crore.

The combined market capitalisation of BSE stocks fell by Rs 57,3827.36 crore to Rs 1.05 lakh crore from Rs 1.11 lakh crore at the end of the previous session.

The Sensex opened in red and slumped about 1,600 points. The BSE Smallcap and the BSE Midcap indices nosedived up to 7 per cent.

(Image: Reuters)