As much as £43 billion of Indian investors' money has been wiped out in the last five trading sessions, with £15.4 billion eroding on Tuesday. The BSE benchmark Sensex on Tuesday nosedived nearly 430 points to close at a nearly three-month low of 33,317 after bank stocks came under heavy selling pressure despite positive global cues. The 30-share index Sensex slipped into a negative zone towards the fag-end to hit a low of 33,209.76 as participants booked profits at improved levels.
Following the bearish trend in the broader market, the market capitalisation of BSE listed companies fell to £14.42 million at the end of Tuesday's trading session, from £14.57 million on Monday. “Investors are little nervous to start accumulating and are waiting for major triggers to get direction," said Vinod Nair, Head of Research, Geojit Financial Services Ltd.
