Equity investors' wealth falls by Rs 2.39 trn as Sensex sinks 861 pts

Tech Mahindra was the biggest laggard in the Sensex pack, falling 4.57%, followed by Infosys, Wipro, HCL Tech, TCS, Kotak Mahindra Bank, Tata Steel, Axis Bank, ICICI Bank and State Bank of India

Investors' wealth fell by Rs 2.39 trillion on Monday in line with a weak trend in the global equity markets.

The BSE Sensex tanked 861.25 points or 1.46 per cent to settle at 57,972.62. During the day, it tumbled 1,466.4 points or 2.49 per cent to 57,367.47.

Tracking the weakness in global equities, the market capitalisation of BSE-listed firms eroded by Rs 2,39,781.58 crore to Rs 2,74,56,330.02 crore.

"Investors had already got the wind of bearish undertone for the start of the week after the US Fed chairman's speech on Friday talked about further rate hikes going ahead to tame inflation. And as