Mumbai- Market investors became poorer by Rs 7.12 lakh crore as Sensex nosedived on Monday after two consecutive days of gains, as investors rushed to take profits amid unabated selling of stocks by foreign investors.

The 30-share BSE Sensex plunged 609.68 points, or 0.71 per cent, to close at 85,102.69.

The market capitalisation of BSE-listed firms eroded by Rs 7,12,514.68 crore to Rs 4,64,19,108.91 (USD 5.15 trillion).

“Indian benchmark indices concluded the day with significant losses, as the Sensex tumbled over 610 points to close at 85,103 and the Nifty50 shed 226 points to settle at 25,961,” Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said.

He added that the market-wide sell-off was driven by cautious sentiment ahead of the US Fe

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