Mumbai: Amid heavy selling in stock markets, the total investor wealth crashed below the Rs 100 lakh crore level on Monday, wiping out nearly Rs 1.54 lakh crore from the market capitalisation of BSE-listed companies.For latest news on Business, like us on Facebook and follow us on Twitter.
The total investor wealth, measured in terms of collective value of all listed stocks, fell to Rs 99,39,378 lakh crore, down from Rs 100.93 lakh crore at the end of last trading session on Friday.
In its biggest fall in more than three months, the benchmark BSE Sensex plunged by 537.55 points on Monday to crack below the 26,000 mark.
From the onset, the BSE 30-share Sensex remained in the negative zone and settled 537.55 points or 2.05 per cent down at 25,623.35 - its weakest closing since September 22.
As many as 27 scrips out of the 30-share Sensex pack ended lower.
The broader markets too came under selling pressure with the mid-cap index falling 1.20 per cent and small-cap dropping 1.11 per cent.
The total market valuation of all listed firms at BSE had first hit Rs 100 lakh crore level on November 28, 2014.
BSE is among the world's ten largest exchanges in terms of market value, while it is the largest globally for number of firms listed on its platform.
Over 2.9 crore investors trade on the bourse.