• Source:JND
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Stock Market:  Investor wealth plunged by Rs 4.12 lakh crore during morning trade on Friday as equity markets witnessed a broad-based correction after a sell-off in global peers and fresh foreign capital outflows. The 30-share BSE Sensex tumbled for the third straight day and declined 896.7 points, or 1.09 percent, to 81,304.46 points in morning trade. NSE's Nifty 50 plunged over 200 points, or 0.9 percent to 24,922.45.

The BSE benchmark hit a record high of 82,725.28 points on Monday. The market capitalization of BSE-listed firms fell by Rs 4,12,152.83 crore to Rs 4,61,56,748.42 crore (US$5.50 trillion) during morning trade on Friday.

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Among the Sensex firms, State Bank of India, Reliance Industries, Larsen & Toubro, Adani Ports, HCL Technologies, and Mahindra & Mahindra were the major losers. Asian Paints, Bajaj Finance, and Hindustan Unilever were among the gainers.

The equity markets in Seoul, Tokyo, Shanghai, and Hong Kong were trading in the red. The US markets ended mostly in red on Thursday. According to exchange data, foreign institutional investors offloaded equities worth Rs 688.69 crore on Thursday.

Meanwhile, the global oil benchmark Brent crude advanced 0.15 percent to USD 72.81 per barrel. On Thursday, the BSE benchmark failed to retain its initial gains and ended 151.48 points, or 0.18 percent, down at 82,201.16.

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(With PTI's Input)