BSE plunges by 704 points; top 30 blue chips worst hit
22 Sep 2011
The stock market plunged 704 points today, the biggest fall in over two years. Investors saw Rs2,15,000 crore of value wiped out overnight as shares of companies across the board sank.
Blue-chip companies took the worst of the hit, although mid-cap and small-cap companies also suffered.
Total investor wealth, measured in terms of value of all listed shares, fell to Rs60.26 lakh crore in today's trading. This was down from Rs62.41 crore at the end of Wednesday's trade session.
More than half of the loss was suffered by the top 30 companies which form the BSE's benchmark Sensex index. The total value of the 30 Sensex companies fell by Rs1.11 crore to Rs27.33 lakh crore.
This 4.13 per cent decline in the Sensex was greater than in the mid-cap and small cap indices as also in the broader market indices for the country's top 100, top 200 and top 500 firms.
The decline in mid and small-cap indices was just over 3 per cent. It was below 4 per cent for other indices, too, according to a PTI report.
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