Indian investors lose $100 billion in four trading sessions
Mumbai : All thanks to North Korea threat of war with US, Indian investors have lost nothing less than $100 billion (Rs 6.4 lakh approx.) in just four trading sessions.
On August 7, BSE was running all time high at Rs 139.5 lakh crore and soon after North Korea development BSE came down to Rs 133.1 lakh crores on Friday.
Calculated across the globe, the dent on investors' wealth is over $1 trillion in the current week, says a report by news agency Reuters.
In India, the decline has been noticed due to large number of selling in Reliance, SBI and L&T while stocks like Infosys, Dr Reddy's and Axis Bank cushioned the fall partially.
As per trade pandits, the correction in market is healthy and is likely to see more dip in coming days.