Rapid erosion of Rs 1.76 crore in investors' assets

Small-midcap stocks crashing

Intraday sets new record of 54779 in Sensex and 16359 in Nifty

AHMEDABAD: The stock market (BSE marketcap) today raised Rs. 1.76 lakh crore was eroded. However, today the Sensex and Nifty rose intraday to new record highs.

With the new framework being introduced by the Mumbai Stock Exchange, the price band / circuit of the stocks changed drastically and there was a rapid retreat due to selling pressure. As a result, the BSE Smallcap Index fell 545 points to 26,065.95 and the Midcap Index fell 194 points to 22,762.

On the other hand, the Sensex rose intraday to 54,779 and the Nifty returned to new all-time highs of 16,359 following fresh gains in the early stages of trading today. However, at the close of trading, the Sensex was up 152 points at 54,555 and the Nifty was up 22 points at 16,280. With small-midcap stocks falling, the BSE marketcap today means that investors' wealth is at Rs. 1.76 lakh crore at the end of the erosion. 236.82 lakh crore.