Investors poorer by Rs 8.5 lakh crore as market turmoil continues for fifth day

'This turmoil which turned into caused closing week with the aid of housing and NBFC's continued to trouble the market as panic spread. In spite of assuring statements by means of key government and institutional leaders, market became involved approximately the close to-term headwinds like nice and elevated price of funds along with tighter liquidity. 'At the same time consolidation in rising markets, persevered increase in oil charges and excessive valuation in addition annoyed the tension,' stated Vinod Nair, Head of Research, Geojit Financial Services Ltd. Seeking to calm the nerves of concerned traders, Finance Minister Arun Jaitley said Monday that the government might take all measures to make certain good enough liquidity for non-banking financial groups (NBFCs) and mutual funds. From the 30-percentage basket, Mahindra & Mahindra has lost the most plunging 6.46% observed by means of HDFC 6.22%, Indusind Bank four.Ninety four% and Adani Ports and Special Economic Zone four.Forty nine%. On the BSE, 2,111 shares declined and 538 advanced even as 168 remained unchanged. Also, almost 470 shares hit their fifty two-week lows on BSE Monday. Dailyhunt https://issuu.com/vizkizainustra

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