Benchmark indices Sensex and Nifty came under heavy selling pressure on Tuesday, wiping out nearly Rs 5.77 lakh crore in investor wealth as the market capitalisation of BSE-listed companies fell to around Rs 474 lakh crore. Weak global cues such as a massive crash in Kospi and a sharp selloff in technology stocks weighed on sentiment.
The Sensex ended 893 points lower at 76,200, meanwhile, Nifty 50 index dropped 279 points, slipping below the 23,850 level. Infosys, TCS, Tata Steel, BEL and Adani Ports were among the biggest losers on the BSE, falling as much as 3.5% in afternoon trade.
