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Equity investors suffered an erosion of Rs 13 lakh crore in market valuation in two days of crash in the BSE benchmark Sensex which lost over 2 per cent during this period.
Retail inflation soaring to a 14-month high of 6.21 per cent in October, unabated foreign fund outflows and muted quarterly earnings are the major reasons behind the heavy correction in the markets, traders said.
The BSE benchmark tanked 1,805.2 points or 2.27 per cent in two days. On Wednesday, it slumped 984.23 points or 1.25 per cent to settle at 77,690.95.
The market capitalisation of BSE-listed companies eroded by Rs 13,07,898.47 crore to Rs 4,29,46,189.52 crore (USD 5.09 trillion) in two days.
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