New Delhi, August 12: Investors of India have lost close to $100 billion (Rs 6.4 lakh crore) and the capitalisation of Bombay stock exchange stands at 133.1 lakh crore due to North Korea’s threat of attacking Guam in the USA. The market cap of BSE on Monday had closed at all time high at Rs 139.5 lakh crore.
To touch the sky high figures, it took Dalal Street 23 trading sessions to surpass the previous highest market cap of Rs 133 lakh crore recorded on July 6. According to a report, investors across the globe were slapped with a loss of more than $1 trillion in the current week. Sensex on Friday saw a dip of 318 points and closed at 31,214 which was a two-month low closing and during the week Sensex saw a dip of 1,100 points, which is 3.4 per cent.
On the other hand, Nifty lost close to 109 points, reported Times of India. As per the dealers, the Doklam standoff between India and China was one of the reasons that affected the market, besides Sebi’s decision to suspend trading in more than 300 shell companies.
The Dow Jones Index on Thursday closed at 1 per cent lower, whereas S &P 500 index lost 1.45 per cent. The TOI report states that FTSE lost 1.5 per cent on Friday. On Friday, the markets of US were completely down while the markets of UK were in the red zone.
The analysts have no idea how the market would behave if in case a war breaks out between North Korea and the USA.