Four days of market slump wipes out ₹7.68 lakh crore from investors' wealth

Investors' wealth eroded ₹7.68 lakh crore in four days of market slump as foreign fund outflows and fresh tariff concerns unnerved market sentiment.

In the past four days, the BSE benchmark Sensex tumbled 1,272.01 points or 1.61%.

The market capitalisation of BSE-listed firms tanked ₹7,68,252.32 crore to ₹4,17,82,573.79 crore (USD 4.77 trillion) in four days.

"Indian benchmark indices witnessed a significant decline today following a statement by US President Donald Trump, who announced plans to impose new tariffs on all steel and aluminum imports into the US, along with additional reciprocal tariffs," Ameya Ranadive Chartered Market Technician, CFTe, Sr Technical Analyst, StoxBox, said.

On Monday, the BSE bellwether gauge dropped 548.39 points, or 0.70%, to settle at a week's low of 77,311.80. Intra-day, it tanked 753.3 points, or 0.96%, to 77,106.89.

"Markets displayed pessimism since early trades as stocks crumbled amid subdued corporate earnings and the ongoing uncertainty over global tariff war," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

From the 30-share Sensex pack, Power Grid, Tata Steel, Zomato, Titan, Bajaj Finance, NTPC, Mahindra & Mahindra, and Tata Motors were among the major laggards.

Kotak Mahindra Bank, Bharti Airtel, ICICI Bank, Tech Mahindra, HCL Tech, and Tata Consultancy Services were the gainers.

"The US tariff threats continued to impact the market sentiment. Domestic yield is inching higher as investors stay cautious on riskier assets and navigate their investments to safe-haven assets like gold," Vinod Nair, Head of Research, Geojit Financial Services, said.

The BSE smallcap gauge dropped 2.25% and the midcap index tanked 2.06%.

All BSE sectoral indices ended lower. Realty tumbled 2.69%, metal (2.63%), consumer durables (2.61%), utilities (2.49%), and consumer discretionary (1.94%).

As many as 3,032 stocks declined while 1,070 advanced and 123 remained unchanged on the BSE.