Stocks continued to remain on slippery ground with investor wealth plummeting Rs 2.72 lakh crore, the Nifty wiping out all gains of the calendar year and the Sensex crashing over 642 points.
Geo-political tensions in West Asia kept investors on the edge amid apprehensions over the impact of the rising crude prices on the domestic economy.
Mirroring the weak global sentiments following the drone attacks on Saudi Arabia’s oil facilities, the 30-share BSE Sensex, which opened in the green, tanked more than 704 points during intra-day trades to a low of 36419.09 and thereafter settled at 36481.09 — a drop of 642.22 points, or 1.73 per cent.
