Investor’s wealth dropped by ₹ 3,23 Lakh Crore in early trading on Monday in line with a bad trend in the equity market.
BSE Sensex declined 1,466.4 points or 2.49 percent to 57,367.47 in morning trading.

Tracking a weak trend in equity, the market capitalization of the registered company that was eroded by ₹ 3,23,123.54 Crore to ₹ 2,73,72,988.06 Crore.

From the Sensex Package, Tech Mahindra, Infosys, HCL Technologies, Wipro, Tata Consultation Services, Tata Steel and Bajaj Finance are traded lower.

Hindustan Unilever, Maruti, Nestle and Ultratech are the only acquisition.

“The domestic equity market tends to retreat sharply in early Monday, because all Asian packages are traded in a dark red color after the Chairman of Fed As Jerome Powell in his speech on Friday indicates that interest rates can continue to increase to keep inflation under control.

“Powell states that failure to restore price stability will mean a much greater pain,” Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd.

In a wider market, both the BSE midcap and smallcap index are traded more than 1 percent lower.

The Asian Market in Seoul, Tokyo, Shanghai and Hong Kong traded red in a middle session agreement.

The US market has ended significantly lower on Friday.

Meanwhile, international oil benchmarks, Brent crude oil rose 0.86 percent to 101.9 per barrel.

Investors of Foreign Institutions (FII) unload shares worth ₹ 51.12 Crore on Friday, according to data exchange.