Investors poorer by Rs 2 trn as markets plummet ahead of RBI policy outcome

Titan was the biggest laggard in the Sensex pack, falling 4.48%, followed by Dr Reddy's, L&T, HUL, Asian Paints, Bajaj Finance, TCS and ICICI Bank

Investors' wealth on Tuesday tumbled over Rs 2 trillion amid heavy selling pressure in domestic equities.

The 30-share BSE Sensex tanked 567.98 points or 1.02 per cent to settle at 55,107.34.

In tandem with weak equities, the market capitalisation of BSE-listed firms tumbled by Rs 2,08,291.75 crore to Rs 2,54,33,013.63 crore.

"Investors are in a wait and watch mood ahead of the RBI's credit policy announcement. The market has simply borne the brunt of unabated FII selling, which continues to desert Indian equities amid weakening rupee and strengthening dollar," said Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities Ltd.

Titan was the