17.6 lakh crore investor wealth wiped off since June 3 highs
Mumbai, Sept. 20 -- Battered by a combination of local and global headwinds, Indian stocks have plunged over 10% since their record highs on June 3, wiping off investor wealth totalling 17.6 lakh crore in less than four months. Given the possibility of fewer rate cuts by the US Federal Reserve and concerns on the domestic economy, the BSE Sensex index on Thursday closed 1.29%, or 470.41 points, lower at 36,093.47, while the 50-share Nifty lost 135.85 points, or 1.25%, to end the day at 10,704.80....
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